WebWatch this Investor Education Mutual Fund video about SBI Long Term Advantage Fund Series III- NFO to understand Mutual Fund Investment better. Sign In. Join Us Contact Us: 1800 209 3333 / 1800 425 5425 ... What is Equity Mutual Fund? ... WebFeb 27, 2024 · SBI Long Term Equity Fund Direct Plan Growth This is another reliable ELSS fund presented by SBI. You can start this by investing as low as INR 500 for SIP and a …
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WebFeb 7, 2024 · 10 best tax-saving mutual funds in 2024 Mutual funds like ELSS are an easy way to save on income tax under Section 80c while reaping handsome potential returns on investment Delhi Premium Top 10 Income Tax Saving Mutual Funds in 2024 4 min read Last Updated : Feb 08 2024 2:12 AM IST Follow Us WebJun 25, 2024 · An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund which gives following advantage-. Opportunity to grow your money. Qualifies for tax exemptions under section u/s. 80C of the Indian Income Tax Act. Long-term capital gains from these funds are tax free in your hands. However as per Finance Act 2024 LTCG on … cheap yoga mats dollar or two
Best SBI ELSS Tax Saver Mutual Funds to Invest in 2024
WebApr 13, 2024 · SBI Magnum Low Duration Fund; ... Large Cap Mutual Funds. Large cap mutual funds are a type of equity mutual funds that invest predominantly in the shares of large companies with high market capitalization. These companies are usually well-established, stable and profitable, and have a strong track record of performance and … WebThe principal amount invested in ELSS is allowed as a deduction under section 80C up to Rs 1.5 lakh of the Income Tax Act, 1961. Long-Term Capital Gains (LTCG) tax is applicable on ELSS funds as the lock-in period is 3 years. LTCG @ 10% is levied on the capital gain earned over Rs 1 lakh ELSS vs Other Tax Saving Investments WebApr 6, 2024 · SBI Long Term Equity Fund - Regular Plan- Growth: 5.12%: 32.71%: 10.86%: Mirae Asset Tax Saver Fund-Regular Plan-Growth-2.6%: 33.11%: 13.65%: ... Since this is an ELSS or Equity Linked Savings Scheme, it provides a tax benefit under Section 80C of the Income Tax Act, 1961 up to Rs. 1,50,000 as deduction from the taxable income. It may … cycling new gear techno