Is investing through Scripbox safe?
When you invest your money through Scripbox, it goes into mutual funds and when you withdraw it comes directly back into your bank account. It never goes into our bank account. It may not be as easy as doing it via Scripbox but your investments are completely safe.
Which ELSS fund is best 2021?
List of Top ELSS Funds to Invest in 2021
- Mirae Asset Tax Saver Fund.
- Canara Robeco Equity Taxsaver fund.
- DSP Tax Saver Fund.
- Axis Long Term Equity Fund.
- ICICI Prudential Long Term Equity Fund Tax Saving.
- SBI Magnum Long Term Equity Scheme.
- BNP Paribas Long Term Equity Fund.
Which is better Zerodha or Scripbox?
For a beginner Scripbox is best. However, Scripbox is a paid platform i.e. it only allows investment in regular plans. If you have fair understanding of portfolio allocation and mutual fund schemes you would like to invest in Zerodha is a good platform.
Which is better Scripbox vs Fundsindia?
Fundsindia recommends one portfolio and it gets executed during the tenure. Scripbox offers a diversified portfolio of mutual fund, which has equity, debt and tax savings. If you do not have time, but want experts to manage your portfolio, scripbox works better for you.
Does Scripbox take commission?
The amount of commission earned by Scripbox is available on the Disclosures page of our website. We don’t charge any fees to our customers. There are no hidden charges.
How does Scripbox earn?
We earn a small fee from the mutual fund companies for the additional services we provide to our investors. The amount of commission earned by Scripbox is available on the Disclosures page of our website. We don’t charge any fees to our customers. There are no hidden charges.
Is it worth investing in ELSS?
Even though one can invest in ELSS from as low as Rs 500 up to any amount – an investment worth Rs 1.5 lakh is only eligible for tax benefits under Section 80C. Hence, ELSS funds attract lower tax expenses.
Is it a good idea to invest through Scripbox?
Yes, investing through Scripbox is a good idea. It is for people who want to save time by investing into mutual funds selected by its algorithm. They also switch the funds when their recommendation changes.
Why should you invest in ELSS mutual funds?
ELSS funds offer portfolio diversification for its investors. These tax saver funds have dedicated and professional fund managers. Small investors, too, can save taxes by investing in ELSS mutual funds through SIPs. Historical returns of Best ELSS funds have been around 12\% or even higher returns. 1. Tax Benefit of ELSS Mutual Funds
Should you invest in PPF or ELSS?
You should also check your risk appetite before investing in equity. Equity offers better returns over a period of time but can be volatile in the short term. Likewise, you also get higher returns for investing in ELSS. ELSS gives you 12\% and above returns in comparison to 8\% returns of PPF and NSC.