Ranbir Sharma recently got a mail from his human resource team requesting submission of documents related to investments made by him during the financial year. Sharma has an outstanding home loan, life insurance and dependent parents. He also contributes towards Public Provident Fund (PPF) as a tax-saving measure. Recently, a customary call to his financial advisor led to an impromptu discussion over tax-saving instruments, which turned out to be an eye-opener for this resident of Rajasthan. Sharma realised that he should have invested in Equity Linked Savings Scheme (ELSS), something which he had missed till now.
There are many such people who tend to forget the existence of ELSS or tax-saving mutual funds while making their investment decisions for tax savings. In this issue, as the countdown to the end of the financial year begins, we have taken up the subject of ELSS to show how it makes for a good investment decision. The article also includes five best ELSS schemes which investors can choose from. For many tax-payers who are yet to exhaust their entire limits of investments under Section 80C of the Income Tax Act, 1961, ELSS or tax-saving mutual funds remains one of the best options compared to other instruments.
This story is from the January 18, 2021 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 18, 2021 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Base Rate Investing: The Smart Investor's Secret
Base rate investing offers a distinct advantage to investors encouraging them to look beyond the noise and focus on underlying fundamentals and longterm trends. The article explains how by understanding and applying this strategy effectively, you can make informed investment decisions and potentially outperform the market over time
Back To The 'All is Well' Feeling
Domestic indices hit record highs on the back of robust performance in real estate, power, metals and automotive sectors
Should Commodity Funds Be Part Of Your Portfolio?
Commodities serve as tangible assets that offer investors a means to engage with the real economy and provide a degree of insulation from financial system disruptions. In this scenario, multi-asset allocation funds represent a more efficient vehicle for commodity exposure compared to hybrid schemes. Here are the details
Asset Allocation & Diversification
Remember, when you diversify your investments, you minimise the chances of suffering from what is known as 'single security risk', or the risk that your investment will fluctuate widely in value with the price of one holding.
Does AUM Size Matter?
Investors generally focus on a fund's past returns. They think that a larger fund is better. On the flip side, some investors raise concerns about whether a fund can sustain its strong performance after growing to a substantial size. What is the reality? Rakesh Deshmukh takes a closer look at the scenario
Ten Commandments of Wealth Creation
Financial Planning
Gold Glitters Amid a Narrow Range Trading
Over the last two weeks, the commodities market displayed cautious activity with investors trading within narrow margins, eagerly awaiting pivotal economic data and insights from Federal Reserve officials.
Can Global Equities Sustain the February Momentum?
Even though the markets touched new highs in February, they did experience some challenges, notably in the bond sector, which faced difficulties due to an uptick in interest rates.
"Future outlook of railways and railway wagons industry appears promising"
Umesh Chowdhary Vice Chairman & Managing Director Titagarh Rail Systems Limited
Metals and Mining: Poised For A Steely Performance
While investors were drawn to the impressive rally in metal stocks, the recent interim budget indirectly bolstered the metals industry with substantial announcements in infrastructure, real estate, defence and railway sectors, which are known for their extensive use of metals. Mandar Wagh explores the future prospects of the industry, analysing financial performance, risks and growth triggers