1 / 2

Sqrrl- Mutual Funds

When it comes to investing in mutual funds, the Sqrrl app helps you to grow your mutual funds' investments at an exponential rate. Mutual funds app help to compare between different mutual funds and choosing the best mutual fund among them. Also, it guides first-time investors to invest in the best mutual funds, Tax saving mutual funds, ELSS mutual funds.

Sqrrl
Download Presentation

Sqrrl- Mutual Funds

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mutual Funds – All you need to know about ELSS Mutual Funds Mutual funds are a specific type of funds that takes money and invests them in securities like stocks, bonds, short-term debt etc. from many investors. And the combined holdings of all the mutual funds are known as its portfolio. All the investors buy shares in the mutual funds. Each share represents the investor’s part ownership in the fund and the amount of income it generates. What are ELSS Mutual Funds? ELSS mutual funds are equity funds that help you to save tax while you invest for your long term goals. Investments in ELSS mutual funds are eligible for deduction under Section 80C. It gives you dual benefits that mean people looking to invest up to Rs. 9000 per month should only invest in this category. ELSS mutual funds fall under the diversified category of mutual funds. Their maximum exposure is inequity and equity-oriented securities, though a part of the corpus is also parked in debt. ELSS mutual funds have a lock-in period of three years, which is the shortest among all section 80C options. Who should invest in ELSS Mutual Funds? Any individual or undivided Hindu family can invest in ELSS mutual funds. Those who have enough knowledge and appetite to take risks and invest with a long term perspective are only suitable for this mutual fund. Young investors can invest with a long-term horizon in the initial years of their professional career. ELSS mutual funds are best suitable for the young investors as they have time to unleash the power of compounding to the enjoyment of getting high returns while saving on their taxes up to Rs 46,800 a year.

  2. Advantages of ELSS Mutual Funds · Here, the lock-in period is three years which is the shortest of all Section 80C avenues. · It has the potential to offer much higher returns than any other tax saving investments. · Only 10% of the gains are taxed for the earnings. · In ELSS mutual funds, there is no maximum limit to invest. · Investors of ELSS mutual funds need not have in-depth knowledge of markets. The professional fund manager manages the mutual funds who have the unmatchable experience while working towards maximizing the return on your investment. Investing in ELSS mutual funds might be a cumbersome task for an amateur investor. You should analyze and compare different parameters of various funds while selecting a fund. Looking to invest in mutual funds?? Invest in Sqrrl app, the best mutual funds app where you can gain maximum profit while saving a significant amount of your yearly tax.

More Related