Equity Linked Saving Scheme (ELSS) Mutual Funds are ideal investments for tax saving as they are low cost, offer tax free returns, transparency and have a lock-in period of only three years. We select these Funds on the basis of the nature of their investments and consistent performance. One can invest in these funds either in lumpsum or through Monthly Systematic Investment Plan(SIP). The investment in these funds is tax exempt under section 80C of Income Tax Act.
THERE ARE SEVERAL ADVANTAGES OF INVESTING IN AN ELSS WHICH INCLUDE:
- You can invest up to Rs 1.50 lakh/year to save on taxes
- These funds show less volatility that most other equity funds
- 3. You can opt for monthly SIP to lessen the burden of onetime investing
- Three-year lock-in is the lowest among tax saving instruments
- Advantages like lower cost, lower risks which are common to MF investing
To invest in mutual funds, please feel free to talk to us or write to us mentioning your investment needs.