4 things we need to know before starting an ELSS SIP

Most of us are aware of SIP method of investing in mutual funds and its benefits. MF SIPs help you invest small sums of money regularly every month. The best part is that you can start investing in ELSS mutual funds through SIP schemes.     You can start SIP for any type of mutual…

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Why invest in ELSS the SIP way to save taxes?

Whenever most of us look for tax savings options during the time the taxman knocks our door, we tend to wittingly or unwittingly ignore ELSS as a tax savings instrument. Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund where major chunk of the corpus is invested into the equity market. If you…

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Let’s go shopping to understand how GST helps

Let’s say you’ve gone to a cloth retailer’s store along with your daughter and your little one has liked a dress. The first question you will ask the retailer is ‘How much does the dress cost?’. Let’s assume the retailer says Rs. 207.63. This price is fixed under the non-GST regime. Do you know how…

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7 easy tips to save taxes that you didn’t know

In this article, we are going to talk about the following easy tax saving tips that you might not be aware of. You can gift money to your major children One of the best ways to save taxes is by gifting money to your major children. For instance, let’s assume you have Rs. 20,00,000 that…

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ULIPs vs. ELSS – An Insightful Comparison

It is that time of the year when all eyes will be searching for investment options for tax savings. Nobody would want to pay more tax. It would be safe to presume that the story can’t be too different for you. That’s why the ‘Tax Man’ has provided you with numerous tax savings options under…

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Tax Savings Funds & New Fund Offer (NFO)

NFOs are mutual funds that are into the business of managing your money. A fund manager of an asset management company keeps a constant eye on the equity markets, debt markets, real estate, currencies, gold, and commodities. The idea behind this exercise is to identify the areas from where he can earn money from the…

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