Should I do one-time or lump sum investment or opt for an SIP in ELSS/Tax-Saving funds?
It’s recommended you opt for an SIP as it helps you save systematically. Here’s why we recommend opting for an SIP: Since ELSS funds are equity mutual funds, SIPs reduce volatility for better long term returns Become disciplined in your tax...
What is the minimum investment amount required for Scripbox Tax Saver?
The minimum investment amount required for investing in Scripbox Tax Saver is Rs. 500. For Non-Resident Indian / Mariners / PIO not residing in India: You can start investing with Rs.10,000 per month andRs.20,000 when invested for the first time...
What are Tax-Saving or ELSS funds?
ELSS or Equity Linked Saving Scheme is a type of open-ended equity mutual fund that has the dual benefit of growing your wealth and saving tax. ELSS funds invest majorly in equity and equity related products and have a lock-in...
What are the benefits of investing in debt funds over bank Fixed Deposits?
Debt funds offer a number of benefits for investors compared to bank Fixed Deposits. High Degree of Liquidity – Unlike bank FDs, you don’t have to break your investments as a whole and pay penalty. In case you require money for...
Does one get tax benefits for investing in debt funds?
No. Debt funds do not provide you tax benefits. You will need to invest in tax saving funds (ELSS) which have a minimum lock-in period of 3 years to avail tax benefits.
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Are mutual funds the right place to park my money for emergencies?
Yes, absolutely! You will be investing in Liquid Mutual Funds. So, your money will not really have down-market risks. After figuring out how big a corpus you need, choose an appropriate investment option. Remember, accessibility of your money (and not...
Is there any lock-in period for debt funds?
No. Debt funds do not have a lock-in period. You have the option to withdraw your money at any time. Please click here to know: “How are debt funds taxed?”
Are debt investments safe from market volatility?
While debt funds are mostly safe investments, there could be minor volatility due to fluctuations in interest rates. Some debt funds react more to these fluctuations than others.