With proper tax planning you can save on your taxes and increase your income. Read how to save tax in India, what are the best tax saving options available on b4investing.
How to save tax investing in mutual fund? What is ELSS (Equity Linked Savings Scheme)? ELSS is the only kind of mutual funds which fall under tax saving options under the provisions of Section 80C of the Income Tax.
Full form of ULIP is Unit Linked Insurance Plan, a type of life insurance policy, which offers you investment and insurance together. Read all about ULIP | ULIP or Mutual Fund on b4investing.
Equity mutual funds basically are ones which primarily invests in stocks. He basically invests in a basket of stocks and can get benefit of the bunch of stocks and diversify his investment rather than buying a single individual stock and having a concentrated approach. These equity funds invest directly into stocks and give highest rate of return but the risk involved is also higher.
Mutual fund is a pool of money managed by a trust that collects money from a number of investors sharing similar investment objectives and invests the same in equities, bonds, money market instruments, and/or other securities.