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One can indeed minimise their tax burden by utilising various eligible investment options to reduce the tax impact, and one of the most promising avenues therein is the Equity Linked Savings Scheme (ELSS).

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<p dir="ltr">The Indian Income Tax Act 1961 allows a tax benefit of Rs. 1.50 lakhs for making certain eligible investments under Section 80C. The available options include payment of life insurance premium, investment in five-year fixed deposit, contribution towards Employee Provident Fund (EPF), Public Provident Fund (PPF) etc.</p>

Passive investing refers to an investment strategy of creating an investment portfolio that has a similar composition as an underlying index such as S&P BSE Sensex, NSE Nifty50 or a commodity, such as Gold. In passive investing, the investors invest with intent to replicate the returns of the underlying index/commodity.

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While making regular investments is a healthy financial habit, it is prudent to set aside some amount for meeting any financial difficulties. Most of the financial advisors will advise you to hold an emergency fund of around six times your monthly expenses to meet the contingencies of life.

What is gold ETF?

A gold Exchange Traded Fund (ETF) is an investment option that tracks domestic gold prices. A single gold ETF fund unit will be equal to 1 gram of gold.

It is rightly said that investing is an art. While many investors know ‘how to build a Mutual Fund portfolio,’ but the real need is to know ‘how to build an ideal mutual fund portfolio.’ This article will aim at guiding you about constructing an investment portfolio that suits your risk profiles and your financial goals.

Equity Linked Savings Schemes (ELSS) is one of the investment instruments that allows the investors to avail a tax benefit up to Rs. 1.50 lakhs from the total gross income under Section 80C of the Income Tax Act 1961. Owing to its inherent benefits of lowest lock-in period of three years amongst all the eligible investment options and potential of higher returns, ELSS has been gaining immense popularity.