WebOct 20, 2024 · What makes ELSS different from other equity mutual fund schemes is that investment upto ₹1.5 lakh in ELSS is eligible for deduction from taxable income in a … WebManulife ELSS Fund. The tax benefit is calculated on the basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and 1 crore. The Finance Act 2024 has ₹ introduced a new income tax regime at concessional tax rates for individual taxpayers.
ELSS Tax Benefits - What is the Taxation of ELSS Funds? - RankMF
Web1 day ago · Old vs new tax regime: ... (PPF), ULIPs, life insurance, medical insurance or investment in mutual funds and ELSS, investing wisely for long-term returns is a wise … WebJan 1, 2024 · ELSS is a form of Mutual Fund that allows tax savings under Section 80C of the Income Tax Act of 1961. In addition to receiving a tax benefit, these funds also have … ribchester flooding
Majority of Large-Cap equity mutual funds underperformed …
WebApr 11, 2024 · S&P BSE 200 grew by 6 per cent in 2024, and 77 per cent of Indian ELSS (equity-linked saving schemes) funds underperformed the index. Majority of Indian Large-Cap equity mutual funds failed to ... WebFeb 28, 2024 · Why should you invest in Franklin India Taxshield? This fund falls in the category of “Equity Linked Savings Scheme” (ELSS) It offers investors a tax deduction … WebELSS funds too show a similar record SPIVA uses a single category for mid cap and small cap - the record is better for active funds here. Still 50 to 55% of the active funds underperform the index over different durations A surprise is the bond funds. They may have played the duration game better in 2024 and almost 50% outperformed the index. redhead with blue eyes