Quantum ELSS Mutual Fund
Best Mutual Funds 2024
Returns
Sort by
Need Loan Assistance?
Connect with Loan Advisor Now!
Top 10 Amc
Best Tax Saver Mutual Funds
- SBI Tax Advantage fund - Series III - Growth - Direct Plan
- Axis ELSS Tax Saver Fund - Growth - Direct Plan
- HDFC ELSS Tax saver - Growth - Direct Plan
- Nippon India ELSS Tax Saver Fund - IDCW - Direct Plan
- UTI Master Equity Plan Unit Scheme
- ICICI Prudential Long Term Wealth Enhancement Fund - Growth - Direct Plan
- Tata ELSS Tax Saver Fund - IDCW Payout - Direct Plan
- Canara Robeco ELSS Tax Saver - Growth - Direct Plan
- DSP ELSS Tax Saver Fund - IDCW Reinvest - Direct Plan
- Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan
- Sundaram Long Term Tax Advantage Fund - Series III - IDCW - Direct Plan
- Franklin India ELSS Tax Saver Fund - IDCW Payout
- Motilal Oswal ELSS Tax Saver Fund - IDCW - Direct Plan
Investment Objective of Quantum ELSS Mutual Fund
The investment objective of Quantum Tax Saving Fund is to generate long-term capital appreciation by investing in equity and equity-related securities of companies in the Indian markets, along with tax benefits under section 80C of the Income Tax Act, 1961. The fund follows a value investing approach and invests in fundamentally sound companies undervalued or overlooked by the market.
Risks Involved in Quantum ELSS Mutual Fund
ELSS mutual funds, including Quantum Tax Saving Fund, are equity-oriented mutual funds subject to market risks associated with stock market investments. The fund’s value may fluctuate due to changes in market conditions and other economic and political factors that affect the stock markets. Investors should consider the risks and benefits of investing in ELSS mutual funds.
Return Potential of Quantum ELSS Mutual Fund
The return potential of Quantum Tax Saving Fund is linked to the performance of the Indian equity markets, and hence it may vary over time. However, historically, ELSS mutual funds have delivered higher returns than traditional tax-saving investments such as PPF or NSC over the long term. The fund’s performance depends on the quality of the underlying stocks, the fund management team’s skill, and the prevailing market conditions. Investors should note that investing in equity markets involves risks, and the returns are not guaranteed.
Who Should Invest in a Quantum ELSS Mutual Fund?
Investors with a long-term investment horizon of at least three years and looking for tax-saving options under Section 80C of the Income Tax Act can consider investing in a Quantum ELSS Mutual Fund. ELSS funds have a lock-in period of three years and provide tax benefits up to Rs. 1.5 lakh per year under Section 80C of the Income Tax Act.
Things To Consider Before Investing in Quantum ELSS Mutual Fund
Before investing in a Quantum ELSS Mutual Fund, investors should consider their investment goals, risk tolerance, and investment horizon. Investors should also consider the fund’s past performance, expense ratio, portfolio diversification, and the fund manager’s track record. Additionally, investors should assess the fund’s investment strategy, asset allocation, and portfolio turnover ratio.
Tax on Quantum ELSS Mutual Fund
Quantum ELSS Mutual Fund is eligible for tax deductions under Section 80C of the Income Tax Act up to a maximum limit of Rs. 1.5 lakh per year. However, investors should note that ELSS funds’ long-term capital gains (LTCG) are taxed at 10% if the gains exceed Rs. 1 lakh in a financial year. Additionally, the dividend income earned from ELSS funds is taxable for investors.
Get your latest Credit Score, FREE
Most Popular on Urban Money
Quantum Other MF Categories
Most Trusted AMC
- Baroda BNP Paribas Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- Canara Robeco Mutual Fund
- L&T Mutual Fund
- DSP Mutual Fund
- Quant Mutual Fund
- Franklin Templeton Mutual Fund
- HDFC Mutual Fund
- HSBC Mutual Fund
- ICICI Prudential Mutual Fund
- JM Financial Mutual Fund
- Kotak Mahindra Mutual Fund
- LIC Mutual Fund
- Invesco Mutual Fund
- Nippon India Mutual Fund
- SBI Mutual Fund
- Bandhan Mutual Fund
- Sundaram Mutual Fund
- Tata Mutual Fund
- Taurus Mutual Fund
- UTI Mutual Fund
- Mirae Asset Mutual Fund
- Bank of India Mutual Fund
- Edelweiss Mutual Fund
- Axis Mutual Fund
- Navi Mutual Fund
- Motilal Oswal Mutual Fund
- IDBI Mutual Fund
- PGIM India Mutual Fund
- Union Mutual Fund
- 360 ONE Mutual Fund
- Groww Mutual Fund
- PPFAS Mutual Fund
- IL&FS Mutual Fund (IDF)
- Shriram Mutual Fund
- IIFCL Mutual Fund
- Mahindra Manulife Mutual Fund
- WhiteOak Capital Mutual Fund
- ITI Mutual Fund
- Trust Mutual Fund
- NJ Mutual Fund
- Samco Mutual Fund
- Bajaj Finserv Mutual Fund
- Helios Mutual Fund
- Zerodha Mutual Fund
- Old Bridge Mutual Fund
MF Categories
Mutual Funds Calculator
Top 10 Amc Funds
- SBI Equity Mutual Fund
- SBI Hybrid Mutual Fund
- SBI Elss Mutual Fund
- SBI Debt Mutual Fund
- ICICI Equity Mutual Fund
- ICICI Hybrid Mutual Fund
- ICICI Elss Mutual Fund
- ICICI Debt Mutual Fund
- HDFC Equity Mutual Fund
- HDFC Hybrid Mutual Fund
- HDFC Elss Mutual Fund
- HDFC Debt Mutual Fund
- Nippon Equity Mutual Fund
- Nippon Hybrid Mutual Fund
- Nippon Elss Mutual Fund
- Nippon Debt Mutual Fund
- Kotak Equity Mutual Fund
- Kotak Hybrid Mutual Fund
- Kotak Elss Mutual Fund
- Kotak Debt Mutual Fund
- Axis Equity Mutual Fund
- Axis Hybrid Mutual Fund
- Axis Elss Mutual Fund
- Axis Debt Mutual Fund
- Aditya Equity Mutual Fund
- Aditya Hybrid Mutual Fund
- Aditya Elss Mutual Fund
- Aditya Debt Mutual Fund
- UTI Equity Mutual Fund
- UTI Hybrid Mutual Fund
- UTI Elss Mutual Fund
- UTI Debt Mutual Fund
- Bandhan Equity Mutual Fund
- Bandhan Hybrid Mutual Fund
- Bandhan Elss Mutual Fund
- Bandhan Debt Mutual Fund
- Mirae Equity Mutual Fund
- Mirae Hybrid Mutual Fund
- Mirae Elss Mutual Fund
- Mirae Debt Mutual Fund
FAQs
How is Quantum Mutual Fund doing?
Is Quantum Mutual Fund Safe?
Is it good to invest in equity funds?
Mutual Funds Guide
Get in-depth knowledge about all things related to Mutual Funds and your finances
International Mutual Funds
\International mutual funds are hidden gems in investment. These ideally allow you to invest in different countries, empowering you to diversify the portfolio across various economies, currencies, and sectors. Internatio
10 Best SIP Plans for Rs. 1000
The need for disciplined and strategic investment is becoming increasingly apparent as the financial industry develops and changes. Investing in your future has never been easier or more accessible than with the 10 best
How to Invest in SIP
Mutual funds are the new piggy banks. Everyone looking to multiply their wealth via mutual funds ponders over one perennial question – how to invest in a SIP? While it might sound very complex and tedious, it actually is
Best Investment Plan for 1 Year
For those seeking relatively quick returns or managing financial goals within a limited timeframe, mutual funds could make a substantial difference. Mutual funds, essentially pools of money managed by professionals, pro
How to stop a Mutual Fund SIP?
Investing in mutual funds through a Systematic Investment Plan (SIP) is a widely embraced strategy for those looking to gradually build wealth with disciplined and consistent contributions. However, life’s uncertainties
Withdrawing from Mutual Funds
When it comes to managing your investments, mutual funds are a popular choice for those looking to expand their portfolio and earn steady returns. However, there may come a time when you need to withdraw money from your