Investing Insights
What is an Equity Mutual Fund?
Despite the stock markets predominantly declining since the Union Budget on 31st January, net inflows into Equity mutual fund (MF) schemes continued to remain strong last month. According to data from AMFI, Equity funds (including ELSS) witnessed monthly net inflows of Rs. 16,268 crore in February ‘18, up 5.7% month on month, and more than 150% on a year on year basis. The increase was mainly driven by sustained inflows through Systematic Investment Plans (SIPs). According to data from AMFI, the cumulative SIP contribution has been Rs. 53,646 crore so far in FY2018.
Five things You Need to Know About Tax Saving Mutual Funds
As we enter the last month of the Fiscal Year, there’s bound to be an increased interest in tax saving investments. One such investment avenue which helps you save taxes under Section 80C is a tax saving mutual fund, or ELSS (Equity Linked Savings Scheme). If you’re thinking about investing into a tax saving mutual fund this year, here are five things for you to keep in mind.
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