ELSS

Mutual funds provide a convenient investment option to investors, enabling them to avail professional fund management. With a wide range of  mutual fund schemes  available for the investors to invest in, it becomes easier for them to balance the portfolio to suit their risk profile and financial goals. One may conveniently access the websites of the mutual funds and make investments paperless using digital platforms.

Mutual funds provide the benefit of diversification to investors by creating a basket of portfolio securities. A Fund of Funds (FoF) goes a step ahead to invest in other mutual fund schemes instead of directly investing in equity, debt securities, etc.

Taxation of Fund of Funds

Mutual funds have made a niche space amid a vast universe of financial products. This write-up discusses mutual fund meaning and types to help investors make an informed investment decision.