Brand New Schemes for Tax Exemption

Reliance ETF for tax saving!

Reliance Mutual Fund has released a new scheme R*Shares CNX 100. Investments made in this scheme get tax exemption under Section 80 CCG (Rajiv Gandhi Equity Scheme) of Income Tax Act. This is an open-ended index exchange traded fund. The lock-in period in this scheme is 3 years. This fund will be invested in nearly 100 companies spread over around 38 different segments and therefore, it is a perfect diversified investment.

Types of Mutual Funds and How to Choose a Suitable Fund to Invest?

Choosing Funds is challenging!

For those, who do not have any knowledge about direct investment in share market, investment in Mutual Funds is quite comfortable for them. With a view to penetrate into rural areas, recently SEBI has facilitated the Fund Management companies with some concessions. In this background, it would become easy for us to know about the available types of Funds, Funds that suit our requirements and then to choose the best of them.