WebTax saving mutual funds or ELSS offer tax exemption benefits under Section 80C of the Indian Income Tax Act, 1961. By investing in ELSS, investors can claim up to a maximum … Web1 day ago · “India and its growing investor base continue to put faith in the equity markets via the mutual funds route. Equity-oriented mutual funds registered a net inflow of over ₹ 2 lakh crore in ...
How to avoid TDS on dividends from equity shares, mutual funds …
WebMar 24, 2024 · The Lok Sabha today passed amendments to Finance Bill, 2024, in which Finance Minister Nirmala Sitharaman has done away with the long-term capital gain tax benefit that debt mutual fund investors currently enjoy. According to the amendments, debt funds having not more than 35% invested in equity shares would be taxed at the income … WebApr 6, 2024 · The taxability of Mutual Funds would depend upon the nature of income. Following is the tax treatment for Capital Gains on mutual funds. Type of Mutual Fund. … olin behavioral health
Mutual Funds in India: Types, Taxation, and Expected Returns
WebSep 7, 2024 · And all of them market their Fund as the best tax saver mutual fund. The following are the top 3 most famous tax-free mutual funds in India: IDFC Tax Advantage (ELSS) Fund – Direct Plan-Growth ELSS: This open-ended ELSS is offered by IDFC Mutual Fund. Fund size of ₹ 3692.39 Cr with an expense ratio of 1.97% and the NAV of ₹ 98.71. WebApr 14, 2024 · Here are India’s top SIP mutual funds and how to invest in them. Best SIP Mutual Funds To Invest In 2024. ... What makes the Quant Tax Plan SIP attractive is its low expense ratio, ... WebMutual fund tax benefits under Section 80C - Investments in Equity Linked Savings Schemes ELSS mutual funds. Investor should note that, Rs 1.5 lakhs is the overall 80C cap including all eligible items like, employee provident fund (EPF) contribution (deducted by your employer), PPF, life insurance premiums, NSC and ELSS mutual funds etc. is alabama tax friendly