Both ELSS and FD (Fixed Deposit) have their own advantages and disadvantages. ELSS offers the potential for higher returns but comes with higher risk and a lock-in period. It also has a shorter lock-in period of three years and provides tax benefits under Section 80C. FD, on the other hand, offers guaranteed returns with low risk but has a longer lock-in of five years. Ultimately, the choice between ELSS and FD depends on your risk appetite and financial goals.
An Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that invests a major part of its corpus into equity or equity-related instruments. These funds are also called tax-saving schemes as they offer a tax exemption under Section 80C of the Income Tax Act, allowing you to claim a deduction of up to ₹1,50,000 from your annual taxable income. ELSS also comes with a mandatory lock-in period of three years.
In 2025, gold prices are on the rise, making it important for both investors and gold loan borrowers to understand the key factors behind this trend. Here are the top five reasons why gold is becoming more valuable:
Applying for your first personal loan? Great! But before you jump in, here are 5 essential tips to help you borrow smart and avoid common mistakes:
If you’ve never taken a loan or used a credit card, you may not have a CIBIL score yet. No worries! You can still check your Free CIBIL Score on our CIBIL Score page. Even if you don’t have one, lenders like Muthoot Finance can still offer loans based on your income.
If you’re planning to take a personal loan, it’s important to understand the key features that can make borrowing easier and smarter. Here are the top 4 features every borrower should know:
Personal loans are unsecured, which means you don’t have to pledge any assets like gold or property. This makes the process quicker and hassle-free.
Your payment behavior is the most significant factor in determining your CIBIL score. Timely payments increase your score, while missed payments lower it.
How much of your available credit limit you use. Ideally, use less than 30% of your credit limit for a healthy score.
A longer credit history indicates stability and trustworthiness, which can positively impact your score.
To check your free CIBIL score, simply visit our CIBIL score page. We offer an easy and secure way to get your credit report online without any charges.
Enter your basic information like name, date of birth, Email Id, and contact details. This helps verify your identity before fetching your CIBIL score.
Late payments significantly impact your credit score. Set up reminders to ensure timely payments.
Use less than 30% of your available credit limit to improve your score. Higher utilization can lower your score.
Suggested Read: 10 Tips to Improve Your 300 Credit Score?
