Table of Content: What are ELSS Funds Why invest in ELSS funds for saving tax List of Top 10 ELSS Funds (Tax Saver) for 2021: Tips for investment in ELSS funds What are ELSS Funds? Equity Linked Saving Schemes (ELSS), popularly known as tax saving mutual funds, are equity-oriented mutual funds. As per the SEBI…
What are Dynamic Asset Allocation or Balanced Advantage Funds? Dynamic Asset Allocation or Balanced Advantage Funds are hybrid funds, which are free to manage their exposure to equity and debt instruments without any caps or minimum exposure limits from the SEBI. These funds change their exposure to equity and debt instruments as per the changing…
As per the latest update from 1st October 2021, the Reserve Bank of India will be imposing a penalty of Rs. 10,000 on banks for the non-availability of cash in ATMs for a period of 10 hours in a month. RBI in it’s statement said, ‘A review of downtime of ATMs due to cash-outs was…
The Prime Minister of India Narendra Modi launched e-RUPI– a cashless and contactless way of making payments digitally under the ‘Digital India’ initiative on 2nd August 2021 via video conferencing. According to the PM, beneficiaries can receive a QR Code or an SMS-based electronic voucher on their mobile phones. Moreover, they do not require a…
