3. Bi-weekly advice thread February 14, 2019. All questions about your personal sit...

Bi-weekly advice thread February 14, 2019. All questions about your personal situation should be asked here

I am new DIY MF investor and i learned that elss funds have tax exemption upto 1.5L. So i started my portfolio like first cover 1.5L in elss and once its done look for some other hybrid/large cap funds. Because ELSS wont come under LTCG and STCG and its fine to get 20% returns for over 4-5yrs or after 3yrs.

Is that correct or my assumption is wrong.?

I have to invest equally in elss/smallcap/midcap/large cap.?

Also dont invest more than 1.5L in ELSS. We have to pay tax for 1.5L above.. But how these guys(AMC/fund managers) know to deduce my tax.? any leads on taxation.? Since i have not learned about withdrawal of MF's

ELSS are no more tax free LTCG are imposed on it. Do we have to pay 10% tax.?

Where to go.? ELSS or Small/mid/multicap/large cap funds

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