Should I invest in ELSS or NPS?
Even though NPS offers tax benefits of up to Rs 2 lakh a year, as opposed to the ELSS tax benefits of up to Rs 1.5 lakh, ELSS is still the better investment option. The latter provides flexibility and the opportunity to earn higher returns with a lock-in period of only three years.
Is Nifty index fund a good investment?
Index funds are ideal for investors who are risk-averse and expect predictable returns. These funds do not require extensive tracking. For example, if you wish to participate in equities but don’t wish to take risks associated with actively managed equity funds, you can choose a Sensex or Nifty index fund.
Is UTI Nifty Index fund ELSS?
UTI LTEF is an Equity Linked Saving Scheme (ELSS) providing dual benefits of sound returns potential by investing in equity securities and also savings on taxes. The fund provides for portfolio diversification through its investment approach of investing across the market capitalization spectrum.
How many ELSS funds should be in portfolio?
An ELSS fund usually invests in 50-70 stocks and having two such funds in your portfolio out to cover the diversification needs, say experts. Diversification is needed to spread the risk-reward of your investments in these funds.
Is ELSS good for retirement?
If you are looking to make the most of your golden years, it can be a good idea to start on a retirement plan today. Given its duration to help fulfil a long-term investment goal, ELSS can be a suitable option. It provides you with tax benefits in the short-term and a high-yield potential in the long-term.
Which is the best Nifty next 50 index fund?
Hybrid
| Fund Name | Returns 1 Yr 3 Yr 5 Yr 9 Yr | Inception Return AUM(Cr.) NAV Inception Date |
|---|---|---|
| Past | ||
| ICICI Prudential Nifty Next 50 In… | 31.67 13.72 14.74 14.62 | 25 Jun’ 10 11.90 36.85 1,732 |
| UTI Nifty Next 50 Index Fund | 31.79 14.09 0 0 | 28 Jun’ 18 11.79 14.92 1,424 |
| SBI Nifty Next 50 Index Fund | 0 0 0 0 | 19 May’ 21 21.33 11.35 371 |
Which Nifty index fund is best?
Best Index Funds
- Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth.
- Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth.
- DSP Equal Nifty 50 Fund Direct Growth.
- Motilal Oswal Nifty 500 Fund Direct Growth.
- UTI Nifty Next 50 Index Fund Direct Growth.
- DSP Nifty Next 50 Index Fund Direct Growth.
How to choose the right ELSS funds?
Ensure that you choose investments based on your financial goals and investment plan. ELSS funds are a good option for investors with a long-term investment horizon looking to seek exposure to the stock markets and save taxes. There are various ELSS funds available.
What is equequity linked saving scheme (ELSS)?
Equity linked saving scheme (ELSS) is ideal for the investors who wish to save tax. ELSS is precisely, a kind of mutual fund scheme that invests majority of its corpus in equity or equity related products. It’s February already! You might be looking forward to learn or know more about ELSS. Let’s learn 5 key reasons to choose an ELSS funds.
What is the lock-in period for ELSS funds under Section 80C?
Most investments offering tax benefits under Section 80C of the Income Tax Act, 1961, have a mandatory lock-in period. ELSS funds have a lock-in period of three years which is lowest compared to other investments under the section. Hence, you cannot redeem the units of an ELSS fund before the completion of three years.