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Unlocking Wealth and Tax Benefits: A Comprehensive Guide to Equity Linked Savings Schemes (ELSS)

Mutual funds have revolutionized the investment landscape by pooling investors’ money into diversified portfolios. One notable member of this financial family is the Equity Linked Saving Scheme (ELSS), a unique mutual fund offering that combines enticing features for investors seeking returns and tax benefits. ELSS allocates a significant 80% of its corpus to equity, promising substantial returns, while the remaining 20% is devoted to fixed income instruments, ensuring capital protection and risk mitigation.

Among its attractive attributes is the tax deduction advantage. ELSS investors enjoy tax exemption up to Rs 1,50,000 under Section 80C of the Income Tax Act, 1961, leading to substantial savings in taxable income. This deduction, when combined with other tax benefits, can lead to significant annual tax savings of up to Rs 46,800, providing a strong incentive for investors to participate.

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How Infy’s Quarterly Report Shook the Stock Market: The Domino Effect on IT Stocks

The recent quarterly report of Infosys, one of India’s top IT-based service companies, has sent shockwaves across the global stock market. The company’s revenue and profits were lower than expected, which has exacerbated fears of a recession in the US and a global economic slowdown. As a result, the American Depository Receipts (ADR) of Infy fell 8-10%, triggering a domino effect on the Indian stock market. This news also had a knock-on effect on other IT stocks such as TCS, Wipro, and Tech Mahindra.

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Maximize Your Investment Gains as RBI Holds Repo Rate to 6.5% – AlgoBulls Offers Hassle-free Investment Options

The Repo rate decision by the RBI has been a hot topic of discussion among investors and borrowers alike. With inflation on the rise, the RBI’s decision to keep the Repo rate unchanged at 6.5% has left many people scratching their heads. However, understanding the relationship between inflation and Repo rate is crucial in making informed investment choices. At AlgoBulls, we bring to you a range of hassle-free investment options that are tailor-made to suit your investment goals and risk appetite. So, whether you’re a seasoned investor or a first-time saver, we’ve got you covered. Join us as we decode RBI’s decision and help you navigate the complex world of investments.

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Understanding Algo Trading: A Beginner’s Guide

If you are new to the concept of algo trading and want to learn more, this guide is for you. We’ll cover the basics of what algo trading is and how it differs from traditional trading methods. You’ll also learn about the potential advantages and drawbacks of using algorithms in your trading approach. In addition, we’ll explore the various types of algo trading strategies and provide an overview of the steps involved in building your own algo trading system. By the end of this guide, you’ll have a solid foundation in algo trading and be well-equipped to make informed decisions about whether it is right for you.