Mutual Funds Tax Benefit to an Investor
If you feel that you can not trade on intraday basis than one should go for delivery calls in stock market or alternatively one can check out the best mutual funds in India.
One has a benefit to get tax incentives also as certain schemes of mutual funds (Equity Linked Savings Schemes) give investors the benefit of deduction of the amount invested, from their taxable income. Further, the dividend that the investor receives from the scheme, is tax‐free in his hands.
Other benefits of mutual funds include:
- Portfolio Diversification
- Professional Management Skills
- Economies of Scale
- Liquidity, Convenience and Flexibility
- Affordability
Thus if you have the go to test stock market than for for it as nothing can beat the returns from the stock market.
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