Qualitatively, we check the fund house background, portfolio manager’s performance, and investment process.
Quantitatively, we check consistency in track records, rolling returns, volatility, and other ratios.
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Nice application for people who are seeking for direct mutual funds with great performance. Keep it up👍
This app has been very well designed and lets one shortlist and select the mutual funds one wants to invest in depending on the requirements and goals.
Initially I had some trouble, but the backend team fixed it right away...Best call and chat support a very decent app...5 stars!
What are ELSS funds?
ELSS funds or Equity Linked Savings Schemes are tax saving mutual funds. They invest the majority of their money in equity schemes and offer much higher returns as compared to other tax saving instruments. Investing in ELSS funds not only helps you in saving tax but also in earning good returns for meeting your long term goals.
What are the different tax saving options available?
There are multiple tax saving investments available in the market. Some of them are: Life insurance, tax saving FDs, Public Provident Fund (PPF), Employees’ Provident Fund (EPF), National Savings Certificate (NSC) etc. Section 80C of the Income Tax Act 1961, helps in saving taxes through these tax saving options.
Which are the best tax saving mutual funds for 2020?
Tax saving mutual funds or ELSS funds are a great option to save tax under Section 80C. Check out the list of best tax saving mutual funds for 2020 here.
What are the tax saving options for salaried?
If you are a salaried employee then you have multiple tax saving options available. Few of them are: House Rent Allowance (HRA), EPF, PPF, Leave Travel Allowance, National Pension Scheme (NPS) etc.