What is the current NAV of Reliance Tax Saver Fund?
The NAV of Nippon India Tax Saver (ELSS) Fund for Nov 09, 2021 is 86.0767.
What is dividend in ELSS?
Similar to other equity funds, ELSS funds have both dividend and growth options. Investors get a lump sum on the expiry of 3 years in growth schemes. On the other hand, in a dividend scheme, investors get a regular dividend income, whenever dividend is declared by the fund, even during the lock-in period.
How good is Reliance Tax Saver Fund?
Then, Reliance Tax Saver Fund can be a suitable option. An ELSS is an Equity Linked Savings Scheme is a type of mutual fund scheme where most of the investment is put in equities….Reliance Tax Saver Plan – Returns.
| Scheme | Returns (%) | Rank |
|---|---|---|
| 1 year | -5.9 | 49 |
| 2 years | 0.1 | 75 |
| 3 years | 33.6 | 5 |
| 5 years | 49.6 | 1 |
Which ELSS fund is best in 2021?
List of Top ELSS Funds to Invest in 2021
- Mirae Asset Tax Saver Fund.
- Canara Robeco Equity Taxsaver fund.
- DSP Tax Saver Fund.
- Axis Long Term Equity Fund.
- ICICI Prudential Long Term Equity Fund Tax Saving.
- SBI Magnum Long Term Equity Scheme.
- BNP Paribas Long Term Equity Fund.
Is Nippon India mutual fund ELSS?
Nippon India Tax Saver (ELSS) Fund is Open-ended ELSS Equity scheme which belongs to Nippon India Mutual Fund House. 2. The fund was launched on Sep 21, 2005.
Which is best Reliance Mutual Fund?
Best Reliance Mutual Fund Schemes in Equity Category
| Fund Name | 3 Yr Return | 5 Yr Return |
|---|---|---|
| Nippon India Small Cap Fund (G) Average RISK | 27.79% | 21.17% |
| Nippon India Large Cap Fund (G) Average RISK | 16.42% | 15.37% |
| Nippon India Banking & Financial Services Fund (G) Moderate Low RISK | 14.46% | 13.65% |
Does ELSS give dividend?
You may invest any amount you like in an Equity-Linked Savings Scheme. The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors.
What are the disadvantages of ELSS?
Disadvantages of an ELSS fund
- Limited total benefits. Tax benefits for a particular financial year are available only to the tune of ₹150,000 under section 80C, irrespective of the total amount of investment in an ELSS fund.
- Tax benefits are limited.
What is the new name of Reliance tax saver mutual fund?
Nippon India Tax Saver
Nippon India Tax Saver (ELSS) Fund-Growth.
Which bank is best for ELSS?
Axis Long Term Equity Fund. Invests in quality businesses with a long term approach.
Is ELSS income taxable?
Why ELSS is tax-free? The redemption proceeds of ELSS are not entirely tax-free. The long-term capital gains of up to Rs 1,00,000 a year are tax-free, and any gains above this limit attract a long-term capital gains tax at the rate of 10% plus applicable cess and surcharge.
What is ELSS fund?
ELSS or Equity Linked Savings Schemes are Mutual fund investment schemes that help you save income tax. That’s why they are also known as tax-saving funds. The Income Tax Act, under section 80c, allows taxpayers to invest up to INR 1.5 lakh in specific securities and claim it as a deduction from their taxable income.
Which is special feature of Reliance Mutual Fund?
Reliance SIP Insure is a special feature available under selected schemes of Reliance Mutual Fund and is subject to such limits, operating guidelines, terms and conditions.
Which is the life insurance company of reliance?
Free life insurance cover provided as a part of an add on feature called as ‘Reliance SIP Insure’ is arranged and funded by Reliance Nippon Life Asset Management Limited through “Reliance Group Term Assurance Plus” (UIN 121N104V01) of Reliance Nippon Life Insurance Company Limited (IRDAI Reg. No. 121).
Which is the best tax saving mutual fund?
ELSS (Equity Linked Savings Schemes) are equity oriented mutual funds offering tax benefits under Section 80C of the Income Tax Act 1961. ELSS products stand out among all the other tax saving options, given its higher equity exposure and hence the potential for Wealth Creation in addition to the taxation benefits.