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In this article you will get information about ELSS Mutual Fund. I had tried to cover maximum thing so that you get most of the information in single blog. 1. What is ELSS Mutual Fund? 2. It's types 3. It's Option/ ways to invest in ELSS fund 4. It's Feature 5. Who should Invest in ELSS fund 6. Things to consider before investing in ELSS fund 7. Tax Implications  8. Advantages & Disadvantage of ELSS 9. Conclusion.  Let's discuss above point's in brief. 1. What is ELSS Mutual Fund? It is a type of diversified equity mutual fund that invest majority of its fund in equity & equity related schemes. 3 years of Lock in period is the important factor to look upon. Every individual has short term & long term financial goals. Fulfilling them requires discipline & commitment, this mutual fund can help them to stick to there investment for 3 years. During the lock in period, an investor cannot redeem or transfer the units to another scheme. The investor can exi...

What are the signals that sign recession on its way? According to the economists there would be steady rise in job losses and a surge in unemployment. Many economists also monitor changes in the interest payment or yield. The finance Ministry cuts rates to make it cheaper to get loans and try to stimulate the economy. However, this means you will see rates drop on your savings accounts too. Recessions can be damaging to stocks and assets, causing them to lose value. How to prepare for recession? I had mentioned below tips after reading various blogs & articles on this topic.  1. Increase your emergency fund/ bulk up you savings Emergency fund can save you from lot of stress. You want to put aside 3 to 6 months worth of your basic living expense in an emergency account in any unfortunate event it will come handy. Since recessions can be pretty unpredictable, aim to boost your emergency saving to 12 months of your essential expenses to have extra money if needed. 2. Pay off debt/...