The Truth About Equity Linked Saving Scheme (ELSS) and SIP

Mutual funds are one of the most sought-after investment avenues when it comes to generating an alternate source of income. However, to a newcomer, the different terms associated with mutual funds could often be confusing. One such confusion is between Systematic Investment Plan (SIP) and Equity Linked Saving Scheme (ELSS). While ELSS is a vehicle to […]

Secrets about the mutual fund industry which are not known to the layman

Let’s speak of the unspoken truths about the mutual fund industry. The dividends that you receive from the mutual funds are not really “tax-free” It might be tempting to choose the dividend mode on mutual funds, thinking that you are receiving tax-free income. Do note that the mutual fund houses have to pay something called […]