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…
HDFC Bank has introduced a new service of ‘Cardless Cash’ through which customers can now withdraw money via ATM without using an ATM or a debit card. With the help of this service, customers can now save themselves from the hassle of carrying a card. Moreover, it shall also minimize the chances of losing the…
There are times when the weekend falls on the first day of the month due to which the employees wait till Monday for their salaries to get credited. However, with effect from 1st August 2021 all the banking transactions such as salary, pension, and EMI payments will happen 24×7. The Governor of RBI during the bi-monthly…
