Investment

  ELSS mutual funds are famously known for their tax-saving features in addition to being one of the sought-after mutual fund categories. Under Section 80C of the Income Tax Act, taxpayers can save up to Rs. 1.5Lakh in a deduction from income tax returns after investing in ELSS.  Moreover, other tax saving options under Section 80C have a higher lock-in period, ELSS Funds have a short lock-in period of 3 years, and have the potential to offer higher returns in the long run. Most of the tax-saving investment options have a minimum lock-in period of 5 years. This is another reason to consider ELSS investment. You can also invest through SIP or a systematic investment plan where you invest a small amount of money at regular intervals of time. This can also incorporate a habit of disciplined investment.   Choosing the correct investment options in the available market can be a little difficult. Always get professional advice from investment coaches to select the right f...

  Mutual funds is an investment product in which our invested money works for our future with comparatively less risks than equities. With a wide option of investment avenues and funds to choose from, one’s investments are to be made based on their goals and time frame. With hassle free withdrawals, your invested amount are fairly liquid. But the most important factor of all is the fact that investing in mutual funds help us stay financially strong.  Financial emergencies are something one cannot avoid. When considering a working professional who invests in a SIP regularly vs another professional who neglects the same citing reasons that aren’t avoidable emergencies, the possibility of regret for one during a financial emergency will always be strong with the latter.  In this case scenario, the invested professional has an option to withdraw his investments which has been compounding over the years vs the un-invested professional has to go into debt to tackle the emergen...