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Mutual Funds
Mutual Funds
What is Equity Linked Savings Scheme?
An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.
What is the minimum Investment duration for Liquid Funds ?
Usually these have no lock-In period,you can invest for any amount of time, and withdraw anytime
What are Liquid Funds ?
Liquid Funds endeavor to generate income over short term by investing into debt and money market instruments. The primary objective of liquid funds is to facilitate short term parking/investment of money
Which funds should I invest in?
There are different fund types, and you should choose the fund you wish to invest in depending on your investment horizon, risk appetite and returns expected. The most frequently purchased categories of funds are:Large Cap: These funds invest in large companies with proven track...
When can I withdraw my investment amount?
For Tax Saver Fund, the withdrawal can happen after the lock-in period of 3 years. The time taken for such withdrawal is within 2 working days.For Smart Saver Fund, the amount eligible for instant redemption can be withdrawn in 30 minutes and the remaining amount can be withdrawn...
How is investing through FreeCharge in Tax Saver Funds better than other tax saving methods like PPF and NSC?
“All other Tax saving options have a lock in period of more than 3 years.” with “Equity Linked Saving Schemes (ELSS) have a lower lock-in period when compared to other tax saving investments. ELSS offered by Mutual Funds come with three key advantages 1) They help save taxes 2) T...
Do liquid funds provide guaranteed returns like traditional methods?
No,liquid mutual funds do not provide guaranteed returns. Returns are in line with the prevailing market conditions. However, these are low risk and have historically given better returns than other traditional methods.
Why should I invest in liquid funds? What are the benefits of these funds?
Ideally one should invest in liquid funds when there is surplus money lying idle and needs to be deployed for a short period of time.Benefits:Investments in liquid funds are considered low risk/moderately low risk investments.These funds have historically given better returns tha...
What are liquid funds?
Liquid Funds are managed with an endeavor to generate income over short term by investing into debt and money market instruments. The primary objective of liquid funds is to facilitate short term parking / investment of surpluses.Therefore from a structure, risk, return & managem...
Is KYC mandatory to start investing ?
As per regulatory requirements, it is mandatory for all online investors to be KYC registered, regardless of the size of their investment.
