Mutual Funds
What is a Tax Saving Schemes?
Tax Saving Schemes offer tax rebates to the investors under specific provisions of the Income Tax Act, 1961 as the Government offers tax incentives for investment in specified avenues. e.g . Equity Linked Savings Schemes (ELSS). Pension schemes launched by the mutual funds also offer tax benefits. These schemes are growth oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme.
Advertisement
More from this specialization
- Where can an investor look out for information on mutual funds?
- How long will it take for transfer of units after purchase from stock markets in case of close-ended schemes?
- Can a mutual fund impose fresh load or increase the load beyond the level mentioned in the offer documents?
- Who is a broker?
- How will an investor come to know about the changes, if any, which may occur in the mutual fund?
- How to know where the mutual fund scheme has invested money mobilised from the investors?