Equity Linked Saving Scheme
We also know that the stock market is a stormy place for both beginners and experienced investors alike. Analysing and picking stocks is not everyone’s cup of tea and having a fund manager manage National Pension Scheme, nps your portfolio can be expensive on an individual level. Hence, there are instruments available like the Mutual funds and ELSS that help to diversify your portfolio and mini mise your risk. What is an ELSS ? An Equity Linked Savings Scheme(ELSS) is a mutual fund scheme that invests primarily in equity or equity related instruments. An ELSS helps in tax saving Get Early Retirement while also providing higher returns. ELSS invests in the shares of the listed companies on NSE and BSE. ELSS funds are built in specific proportions as per the investing objective of the fund. These funds can be built on the basis of Market capitalisation Pension fund (Large, Mid, Small cap) and across industry sectors (IT, Auto, Pharma) with the common objective to maximize capital ov...