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You can redeem your investments even if the bank account through which the investments were made is now closed

Investments in ELSS qualify for tax deductions under Section 80C of the Income Tax Act

You can redeem the units before the completion of the three year lock-in by losing on the tax benefits

You have no obligation to the AMC to continue the SIP indefinitely

Ideally, you should invest in a well diversified mutual fund across sectors and companies

The maximum amount that can be claimed as a deduction under Section 80 is Rs 1 lakh

Using the myCAMS app is handy, though it takes time to get a fix on a few features

Investing is different from saving because it involves a greater level of risk.

Depending on the type of fund that you have investments in, long-term or short-term capital gains tax will apply

Given your investment time frame, it would be a good idea to consider ELSS over PPF

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