Mutual Funds and Tax Benefits: What Every Investor Should Know
New Delhi [India], February 19: Mutual funds are the one-stop investment solution for people looking to invest in stocks or bonds with the expertise of a fund manager. By paying the price of a single mutual fund unit, the investor gets an expert-curated portfolio of equity, debt, and other instruments. While mutual funds provide several advantages such as low cost, diversification, and professional management, there is certainly one major benefit that every investor should know. There is one type of mutual fund that provides a direct benefit of saving taxes and helps in reducing taxable income. From the world of equity funds, ELSS funds come in the tax deduction framework of Section 80C of the Income Tax Act, 1961. So, let’s understand in detail the tax benefits of investing in ELSS funds
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