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If you’re wondering ‘what is ELSS mutual funds’ and why they are such a popular tax-saving option, here’s a quick answer: An Equity-Linked Savings Scheme (ELSS) is a mutual fund that lets you enjoy dual benefits – wealth creation and tax savings. The ELSS mutual fund full form is Equity-Linked Savings Scheme and these funds …
Continue reading “ELSS Explained: Full Form, Lock-in Period & Withdrawal Process”
Mutual fund loans allow you to leverage your assets to maximise returns and provide you with a strategic advantage. You can even unlock the potential of your mutual funds by taking a loan against them and then reinvesting those funds to compound your earnings. Seasoned investors often use this strategy to access cash to keep …
Continue reading “Reinvesting the Mutual Fund Loan: Important Things to Know”
In our financial space, we come to a state, where we have sufficient funds, and we wish to invest a chunk of it for future plans and goals. Two very popularly used media for investment are Fixed deposits and Mutual Funds. We will distinguish between the two after we define them properly. Fixed Deposits Here …
