Mutual FundsDebt Funds Average Maturity Scheme Information Document Dividend Payout Holding Period Minimum Investment Amount
ELSS-Equity Linked Savings Scheme
A mutual fund is an investment scheme that pools money from various investors and invests it in equities and equity-related securities. These funds have a lock-in period of three years, meaning that the invested money cannot be withdrawn before that time. Additionally, these schemes also offer tax benefits under Section 80 C of the Income Tax Act. This means that investors can save on their tax liability while also potentially earning returns on their investment. So, not only can mutual funds be a great way to diversify your portfolio, but they can also offer tax advantages.
Related terms
Understand the meaning and definition of Debt Funds in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Average Maturity in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Scheme Information Document in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Dividend Payout in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Holding Period in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Minimum Investment Amount in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
