Role of Mutual Funds in Retirement Planning
Mutual funds have become a cornerstone of retirement planning for many investors. They offer a diversified portfolio, professional management, and the potential for growth over time. One particular type of mutual fund that has gained popularity in recent years is the Equity-Linked Savings Scheme (ELSS) mutual fund. These funds not only offer the benefits of mutual funds but also provide tax-saving opportunities under Section 80C of the Income Tax Act.
Basics of Investing in Mutual Funds