Discover and read the best of Twitter Threads about #ELSS
Most recents (12)
MisterBond's #RollOfHonour for various Equity scheme categories for the year ending on March 31'2023.
#IHR - Investor High Returns Score - Higher Returns in Higher Bands
#IER - Investor Experience Returns Score - IHR divided by Stabd Deviation
#BI - Beating Industry Average
#IHR - Investor High Returns Score - Higher Returns in Higher Bands
#IER - Investor Experience Returns Score - IHR divided by Stabd Deviation
#BI - Beating Industry Average
MisterBond's Roll of Honour in #ELSS schemes
MisterBond's Roll of Honour in #FlexiCap schemes
If you are looking for an efficient investment to save tax in India, this is for YOU!
The BEST way is to invest in ELSS Mutual Funds. You can save up to ₹46,800 in taxes under Section 80C!
Here is how! (1/n)
#ELSS #mutualfunds #taxexemption #thread
The BEST way is to invest in ELSS Mutual Funds. You can save up to ₹46,800 in taxes under Section 80C!
Here is how! (1/n)
#ELSS #mutualfunds #taxexemption #thread
Every year in March, as the financial quarter comes to an end, there is a rush to invest in tax-saving funds.
And with the quarter end so near, let's look at why ELSS is so popular as a tax saving scheme. (2/n)
#ELSSfunds #taxsavings #investment
And with the quarter end so near, let's look at why ELSS is so popular as a tax saving scheme. (2/n)
#ELSSfunds #taxsavings #investment
What is ELSS Fund?
ELSS fund, or Equity Linked Savings Scheme fund, is a tax-saving scheme that allows you to save tax while investing for your long-term goals. (3/n)
#savetax #financialgoals #taxsavingschemes
ELSS fund, or Equity Linked Savings Scheme fund, is a tax-saving scheme that allows you to save tax while investing for your long-term goals. (3/n)
#savetax #financialgoals #taxsavingschemes
ईएलएसएस म्युच्यूअल फंडाचा लॉकइन पिरीयड कसा काम करतो?
म्युच्यूअल फंडामध्ये गुंतवणूक करणे आता तितकेसे नवीन नाही. मात्र अनेकांना म्युच्यूअल फंडाचा लॉकइन पिरीयड कसा काम करतो? याची पुरेशी कल्पना नसते. #म #मराठी #ELSS
म्युच्यूअल फंडामध्ये गुंतवणूक करणे आता तितकेसे नवीन नाही. मात्र अनेकांना म्युच्यूअल फंडाचा लॉकइन पिरीयड कसा काम करतो? याची पुरेशी कल्पना नसते. #म #मराठी #ELSS
ELSS vs PPF
A short thread...
ELSS (Equity Linked Savings Scheme) and public provident fund PPF, both help you save taxes, but apart from that, they differ on many parameters.
#ELSS #PPF #Taxsaving #investing #investingtips #mutualfunds #wealth
A short thread...
ELSS (Equity Linked Savings Scheme) and public provident fund PPF, both help you save taxes, but apart from that, they differ on many parameters.
#ELSS #PPF #Taxsaving #investing #investingtips #mutualfunds #wealth
In India, With both ELSS and PPF, you can get a maximum deduction of INR 1.5 Lakh under Section 80C of the Income Tax Act, 1961.
#WealthCreators #stockmarket #MoneyMatters
#WealthCreators #stockmarket #MoneyMatters
What are ELSS funds?
ELSS is d tax saving mutual fund which serves both d purpose of saving taxes & help U create long term wealth. ELSS funds generate returns by investing in equity & related instruments. This makes it a suitable investment option 4a person with LT goals.
ELSS is d tax saving mutual fund which serves both d purpose of saving taxes & help U create long term wealth. ELSS funds generate returns by investing in equity & related instruments. This makes it a suitable investment option 4a person with LT goals.
#Budget2023WishList:
For #MutualFund Industry:
@nsitharaman
1. Removal of #GST for commissions paid to #MutualFundDistributors who cannot recover the same from their investors. Only industry where this happens
We need more #MFDs to achieve goal of reaching Rs.100 lac crs in AUM
For #MutualFund Industry:
@nsitharaman
1. Removal of #GST for commissions paid to #MutualFundDistributors who cannot recover the same from their investors. Only industry where this happens
We need more #MFDs to achieve goal of reaching Rs.100 lac crs in AUM
Removal of #LTCG from #Equity and #EquityMFSchemes. Will have very low impact on fiscal collections.
But it will improve sentiments and move funds from non-productive assets like #Gold to #FinancialAssets like equity.
But it will improve sentiments and move funds from non-productive assets like #Gold to #FinancialAssets like equity.
#MutualFunds help in mobilizing small savings - channelizing them into building economy thru #Equity & #Debt. This will help in reaching $5 trln GDP target
MISTERBOND'S #ROLLofHONOUR IN DIFFERENT #MUTUALFUND SCHEME CATEGORIES BASED ON PAST 12 MONTHLY RANKING DATA FROM JAN 22 TO DEC 22 AND AVERAGE OF THE SAME - In JAN 2023:
Entirely #Quantitative analysis:
Entirely #Quantitative analysis:
Three months remain to plan your taxes.
If you invest in #ELSS funds to save tax, here are 5 mistakes you must avoid to earn better returns.
A 🧵
If you invest in #ELSS funds to save tax, here are 5 mistakes you must avoid to earn better returns.
A 🧵
👉1. Lump sum vs SIP
Most investors make lump sum investments in ELSS (See table).
A lump sum investment doesn’t mean you will get lower returns.
#SIP doesn’t guarantee higher returns than a lump sum.
But SIP is still a better option.
Here’s why 👇
Most investors make lump sum investments in ELSS (See table).
A lump sum investment doesn’t mean you will get lower returns.
#SIP doesn’t guarantee higher returns than a lump sum.
But SIP is still a better option.
Here’s why 👇
Assume you have two options👇
A. Walk 20 kms in one day at a stretch
B. Walk 2 kms every day for the next 10 days
Which one looks more feasible? The answer, for most, is obvious.
The same applies to ELSS SIPs
Small amounts every month don’t put a strain on your finances
A. Walk 20 kms in one day at a stretch
B. Walk 2 kms every day for the next 10 days
Which one looks more feasible? The answer, for most, is obvious.
The same applies to ELSS SIPs
Small amounts every month don’t put a strain on your finances
A Thread🧵on various #IncomeTax #Deductions.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
People normally know a bit about Section 80C Deduction which allows a person to claim a deduction of Rs 1.5 lakh on total income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
A Thread 🧵80 C Deduction of Income Tax.
Must read for everyone.
A Simple way to to save tax upto Rs. 46,800 each year!
(RT to maximize reach.)
@caniravkaria @CAPratik_INDIAN views welcome 🙏
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Must read for everyone.
A Simple way to to save tax upto Rs. 46,800 each year!
(RT to maximize reach.)
@caniravkaria @CAPratik_INDIAN views welcome 🙏
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under the #IncomeTax act help you reduce your taxable income.
This is where #TaxDeductions come into picture.
Deductions allowed under the #IncomeTax act help you reduce your taxable income.
Deduction under Section 80 C is a popular tax deduction section which allows you to claim a deduction of Rs 1.5 lakh on your total income.
By completely utilizing this deduction limit, a person can save tax upto Rs. 46,800 each year! (For person
falling in tax bracket of 30%).
By completely utilizing this deduction limit, a person can save tax upto Rs. 46,800 each year! (For person
falling in tax bracket of 30%).
Thread: Inflow / Outflow Analysis - May 2020
Net flows for MFs turned positive for the 2nd straight month in May 2020. Strong #inflows in debt oriented open-ended schemes, mainly #Liquid and Banking and PSU funds, continued to support the industry. (1/8)
Net flows for MFs turned positive for the 2nd straight month in May 2020. Strong #inflows in debt oriented open-ended schemes, mainly #Liquid and Banking and PSU funds, continued to support the industry. (1/8)
Also, UST, Low duration, Money market, Short duration, and Medium to long duration funds contributed to the inflows this time. #Arbitrage funds under the #Hybrid category pitched in, too. In fact, net flows for the Hybrid category marked a 14-month high. (2/8)
It is commendable that under the current tough circumstances, industry’s net inflows in May increased 54% to Rs. 70,813 crore sequentially, marking a 4-month high. Maximum net outflows were seen in Overnight funds that somewhat took the sheen away from the flows. (3/8)
Transmission of #mutualfund units of deceased #investors #investments having a lock-in period?
The Process -
In #mutualfunds #ELSS have a lock-in period of 3 yrs & some of the closed-ended schemes like FMPs have a maturity period concurrent to that of the #fund itself.
The Process -
In #mutualfunds #ELSS have a lock-in period of 3 yrs & some of the closed-ended schemes like FMPs have a maturity period concurrent to that of the #fund itself.
If an #investor who had #invested in an #ELSS passed away immediately after 6 months of #investing, during the lock-in period, actual proceeds are allowed for withdrawal only after completion of 1 year from initial date of units allotted to & not transmission date. @ArthmitraG
When an #investor #invests in FMP, units are aligned to overall tenure of the scheme at a pre-defined rate. Hence when original investor passes away, units get transmitted to the next of kin, but the actual proceeds are allowed for redemption only on/after maturity. @ArthmitraG
Despite having a monopolistic situation in many businesses, many #PSUcompanies haven't generated attractive #returns for their #shareholders. More than for #investors, the govt. is likely to benefit by the provision of allowing 80C deduction on #investments. #Budget2019
PSU #ETFs have a high portfolio concentration & single sectoral exposure. For eg. CPSE ETF holds over 60% of portfolio in energy sector & top 4 stocks constitutes over 75% of portfolio. Similarly, Bharat-22 holds 55% of portfolio in top 5 stocks. #Budget2019 @TheEconomist
#Investors having primary objective to #savetax, cannot ignore the performance of #ELSS #mutualfunds. Fund manager, considers number of factors like macroeconomic indicators, financial strength of a company & its competitive advantage etc. while constructing portfolio.#Budget2019
