Two great investment options for huge returns!!!
Two great investment options for huge returns!!!
If you are investing for the first time or want to make your previous investment even stronger. In this case, Mutual Funds are right for you. However, the deal of profit is the same where with the increase in investment, your wealth also increases. There are only a few options available in the market where you can invest for great returns. Here we are telling you two such options through which you can get great returns. In this, you can invest in Equity Linked Savings Scheme (ELSS) or gold Mutual Fund.
What are the benefits of investing in ELSS?ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes.
Can start from Rs 500-One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. Investors get two types of options in this. The first is growth and the second is dividend payout. In the growth option, the money stays in the scheme continuously. Also, there are many benefits to this. In fact, companies give benefits from time to time in dividend options. In schemes with a dividend option, the dividend can be received once a year. However, some schemes have paid dividends more than once a year. At the same time, tax exemption is also available under 80C. If profit is above Rs 1 lakh then 10% tax has to be paid.
How to Invest in gold Mutual Fund?Gold Mutual Fund is a part of gold ETF. These are the schemes that invest in gold ETFs. gold mutual funds do not invest directly in physical gold. gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500. If you invest in it for more than 3 years, then it is considered long-term.
If you are investing for the first time or want to make your previous investment even stronger. In this case, Mutual Funds are right for you. However, the deal of profit is the same where with the increase in investment, your wealth also increases. There are only a few options available in the market where you can invest for great returns. Here we are telling you two such options through which you can get great returns. In this, you can invest in Equity Linked Savings Scheme (ELSS) or gold Mutual Fund.
What are the benefits of investing in ELSS?ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes.
Can start from Rs 500-One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. Investors get two types of options in this. The first is growth and the second is dividend payout. In the growth option, the money stays in the scheme continuously. Also, there are many benefits to this. In fact, companies give benefits from time to time in dividend options. In schemes with a dividend option, the dividend can be received once a year. However, some schemes have paid dividends more than once a year. At the same time, tax exemption is also available under 80C. If profit is above Rs 1 lakh then 10% tax has to be paid.
How to Invest in gold Mutual Fund?Gold Mutual Fund is a part of gold ETF. These are the schemes that invest in gold ETFs. gold mutual funds do not invest directly in physical gold. gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500. If you invest in it for more than 3 years, then it is considered long-term.