Wealth Web- An Investment Guide to Success

Tax saving is one of the important aspect of our financial planning , managing tax efficiently is an art. When it comes to saving taxes most of us wait till the month of March because we continue our habits to push everything to the last day of submission like our college time assignments. So when it comes to tax planning, assessee majorly focus on taking maximum benefit of Deductions under Chapter V1-A of Income Tax Act, 1961.  Based on this tax planning and co-inciding our financial goals, this blog will provide exhaustive knowledge of ELSS investments, its features, taxability along with recommendation for best ELSS plan to choose. Apart from ELSS Investment, the blog will also provide detailed knowledge on other tax saving investments. What is ELSS Mutual Funds? Equity-Linked Savings Scheme (ELSS) is an equity mutual fund investment that invests at least 80% of its assets in equity and equity-related instruments. Investments in an ELSS qualify for tax deductions u/s 80C of th...

While  choosing a mutual fund , an investor requires to make a range of choices. Among them, the most puzzling decisions are the ones relating to choosing between growth option or dividend option. An investor needs to make a choice based on their personal needs and financial goals. However, once the investor gains clarity on these aspects, making a choice will seem easy. There is also a dividend reinvestment plan, however, as it is not often used and hence we shall not dwell on the same. It is important to note that NAV of growth and dividend plan is always different. As there is change in NAV, investors might wonder if the schemes are different or same? The scheme is the same and the difference in NAVs is due to the dividend distribution and compounding effect. In both options, the scheme invests in identical securities but the manner of distribution of profit varies. The investment objective, holdings, performance and fund manager, remains the same. Only the manner of delivering...