BFC Capital successfully conducted its 258th Quality Circle Program on May 17, 2024, at the Indian Oil Corporation Limited (IOCL) Lucknow Terminal. The event featured an insightful session by our AVP, Vikas Kr. Sah, who captivated the audience with his expertise on the art of investing. Through his engaging presentation, attendees gained valuable financial insights, strategic investment approaches, and a deeper understanding of wealth creation. The program reinforced BFC Capital’s commitment to educating and empowering investors for a secure financial future.
Can government employees invest in mutual funds?
Yes, there are no restrictions on government employees’ ability to invest in mutual funds as such. Your employers do not have any control over where you as an employee invest your money; mutual fund investments are a personal financial choice and are treated the same by all organisations.
What investment options do i have for saving taxes?
The Equity-Linked Savings Scheme (ELSS) is one of the top tax-saving investment choices available under Section 80C of the Income Tax Act.
Under Section 80C, these equity mutual funds provide tax savings of up to ₹1.5 lakh.
Greater Return Potential: ELSS funds offer larger potential returns than other more conventional tax-saving options like PPF or FDs because they invest mostly in stocks.
3-Year Lock-In duration: ELSS offers investors seeking liquidity greater flexibility because it has the shortest lock-in duration of any tax-saving alternative.
An effective and growth-oriented choice for anyone wishing to reduce taxes while accumulating wealth is an ELSS fund.
What is the exit load in mutual funds?
An exit load is a cost that mutual funds impose on investors who redeem (withdraw) units prior to a predetermined time frame.
For example, if you redeem your investments before the time frame you committed to initially, mutual funds might impose an exit load on your withdrawal.
