Falling returns on fixed income assets have created a riddle for risk-averse investors and retired employees, who fall back on such products to generate regular income. In a high inflationary environment, such low returns on assets tend to erode capital and, therefore, decrease the asset base. Stay tuned for our upcoming video on……. Friday First Cut Complete Playlist...
What are ELSS Funds? Equity Linked Saving Schemes (ELSS), popularly known as tax saving mutual funds, are equity-oriented mutual funds. As per the SEBI regulations, ELSS funds have to invest at least 80% of their corpus in equity or equity-related instruments. These funds come with a lock-in period of 3 years and qualify for tax deduction under Section 80C. Investments in ELSS of up to...