Quick answer: An ELSS fund is a tax-saving mutual fund that invests mostly in shares. You can claim up to ₹1.5 lakh a year under Section 80C. This is now Section 123 of the Income-tax Act, 2025. It has a 3-year lock-in. The deduction works only in the old tax regime. Key Facts ELSS stands
Quick answer: When you switch jobs, your unvested ESOPs usually lapse. Your vested options stay yours, but you must exercise them inside the window in your ESOP policy. Many plans give 30 to 90 days. Exercising triggers salary tax on the gain. So check your deadline, your cash, and your tax before you resign. Key
Neither regime is best for everyone. The new regime has lower rates but few deductions. The old regime has higher rates but allows HRA, home loan interest and 80C. Add up your real deductions, then compare the tax under both. At a ₹15 lakh income, the old regime needs about ₹6 lakh of deductions to
SIP works well when you invest money from your monthly salary, because it spreads your buying price across ups and downs in the market. A lump sum can work well when you already have a large amount ready. Most Indian investors get the best result by using both together, based on where their money comes
Quick Answer: A monthly SIP (Systematic Investment Plan) of just ₹1,000 can grow to about ₹37.6 lakh in 30 years, if your fund earns 13% a year on average. Even a ₹100 monthly SIP can grow to about ₹3.76 lakh in the same time. The secret is not the amount — it is time and
Direct Answer: You can reach ₹50 lakhs in 10 years in more than one way. A flat SIP of about ₹22,500/month gets you there. So does a ₹2 lakh lumpsum plus a ₹20,000/month SIP. So does a Step-Up SIP that starts at just ₹15,500/month and grows by 10% every year. All three use a 12%
A ULIP mixes insurance and investment in one plan. This means you get low insurance cover and high charges. A separate Term Insurance plan gives much higher life cover for a lower premium. A separate Mutual Fund SIP gives better growth with lower costs. Keeping the two separate is usually the smarter choice. Key Facts
Lifestyle inflation means your spending grows as fast as (or faster than) your salary, so your savings stay flat. The fix is simple: increase your savings first when your salary goes up, set a fixed monthly limit for weekend and entertainment spending, and save a fixed amount the day you get paid — not at
EPF, NPS, and personal investments each play a different role in retirement. EPF gives safe, fixed returns. NPS adds market-linked growth plus extra tax benefits. Personal investments (like SIPs) fill the gap between what EPF and NPS provide and what you will actually need at retirement. Use all three together, not just one. Key Facts
Quick answer: Avoid three costly loans: instant personal loans, credit card cash advances, and lifestyle EMIs. Instant loans often charge 15% to 30% a year, plus fees. Credit card cash starts charging interest from day one. Lifestyle EMIs make you keep paying for products that lose value. Borrow only for real needs, and always compare
Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. Before making an investment, please contact the investment expert at Deepak Wealth Framework for designing a portfolio that suits your needs. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
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