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Tax saving mutual funds, also known as Equity Linked Saving Scheme or ELSS, offer the dual benefits of higher returns and tax saving through deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act.

An arbitrage fund is defined as a mutual fund that leverages the price difference in the cash and derivatives market to make a profit.

An Initial Public Offering is when a private company offers shares to the public for the first time. Before filing for an IPO, the company must fulfil certain conditions set by the Securities and Exchange Board of India (SEBI).

Commodities refer to essential items that are exchangeable and can be bought and sold. Be it food, metals, energy, or resources – commodities are fundamental for life, and investors can trade them on commodity exchanges similar to shares and bonds for profit.

Any income that accrues from the sale of a capital asset (like shares, real estate, bonds, commodity etc.) is considered a capital gain, and taxed as either short or long term capital gains (LTCG/STCG) depending on the holding duration. Here’s a break down of LTCG and its tax implications.