SEBI said in a circular on Thursday that "Mutual Fund orders will soon get the NAV of the day when funds reach the asset managers and not of the day of application." The new orders will be applicable from 1st January 2021. Earlier, mutual funds orders less than ₹ 2 lakh got the NAV of the same day as the application, if placed within the cut-off period of time The mutual … [Read more...]
Equity Linked Savings Scheme (ELSS)
What is an Equity Linked Savings Scheme? Equity Linked Savings Scheme (ELSS) is a kind of mutual fund scheme that helps in saving taxes under Section 80C of the Income Tax Act and invest equity related instruments to generate high returns. In also addition, with the investment in the ELSS Funds an investor can save taxes up to ₹ 46,800 under Section 80C of the Income Tax … [Read more...]