Equity fund – The basicsEquity funds have the potential to generate high returns by way of predominantly investing in stocks of various companies. Generally, equity funds have the potential to generate higher returns, as compared to fixed-return instruments such as bank fixed deposits and debt mutual funds.
How do equity funds work?With an equity fund, almost 60% (or more) of the assets are invested in the company’s shares of various proportions. While the fund can solely be large-cap, mid-cap or small-cap, it can also be a mix of funds of varying market capitalizations.
After having allocated the primary portion to equity shares, the remainder can be allocated to debt or other money market instruments. The primary objective is to take care of sudden requests for retrieval as well as keep in check the risk element, to an extent.
It is the fund manager who will take the final call (regarding buying or selling), in keeping with market movements and the fund’s objective in order to reap maximum returns on investment.
Who can benefit from investing in equity funds?Practically everyone can benefit from equity investment in the long run. Your risk appetite, investment horizon and overall financial goals should ideally influence your decision to invest in equity funds. Should you want to stay invested for the long haul (5 years or more), equity funds can be your go-to investment choice.
Moreover, with a longer investment horizon, equity funds have the potential to delivery inflation-adjusted returns.
What are the common features?Stated below are some of the more common features of equity funds:
1.Tax exemption under Sec 80CInvestment in ELSS or equity-linked saving scheme qualifies for tax exemption under section 80C of the Income Tax Act. Investments made up to Rs. 1.5 lakh in a financial year are exempted from taxation.
2.Applicable taxesOn redemption of equity fund units, what you earn is collectively referred to as capital gains. While short-term capital gains (STCG) are taxed at 15 percent, long-term capital gains (LTCG) are exempted from taxes up to a limit of Rs.1 lakh. LTCG are taxed at 10%.
One of the chief advantages of equity funds is that your investment can enjoy a wider exposure to a number of stocks. This provides diversification, thus lowering the risk of investment. Also, with their potential to deliver inflation-adjusted returns in the long run, investing in equity funds help you build a large corpus for various life goals.
Even a modest investment of Rs. 10,000 per month in a fund offering annualised returns of 12% for a period of 10 years, can help you build a corpus of over Rs. 23 lakhs.
Choose a mutual fund based on your life goal, risk appetite and duration for which you wish to remain invested.
The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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Aditya Birla Capital (‘the Brand’) is the single brand for financial services business of Aditya Birla Group. The trade logo “Aditya Birla Capital” and the URL www.adityabirlacapital.com is owned by Aditya Birla Management Corporation Private Limited (trade mark owner) and the same is used herein under the License by Aditya Birla Capital Limited (ABCL) and its subsidiary companies (collectively hereinafter referred to as “ABC Companies”). Aditya Birla Capital Limited is the holding company of all financial services businesses.
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ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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