Mutual funds allow investors to pool in their money for a diversified selection of securities, managed by a professional fund manager. Whether the objective is financial gains or convenience, mutual funds offer many benefits to its investors.
Broad Classification of schemes offered by Mutual Fund:
An equity fund is a mutual fund that invests principally in stocks. There are several types of equity funds like Diversified, Sector and thematic, Large-cap, Mid-cap, Small-cap, Multi-cap, Index funds etc. Equity Linked Savings Scheme (ELSS) qualifies for tax exemptions up to Rs. 1.50 Lakhs under section (u/s) 80C of the Indian Income Tax Act.
Equity Mutual Funds: Get loan up to 50% of the NAV (Net Asset Value)