|Fund Name||Returns (%)|
|Axis Long Term Equity||49.71||16.18|
|Mirae Asset Tax Saver||57.90||20.38|
|Invesco India Tax Plan||49.85||15.17|
|Aditya Birla Sun Life Tax Relief 96||30.76||11.69|
|Fund Name||Net Asset Value INR (Feb 16, 2022)||Annual Average Returns (%)|
|Mirae Asset Tax Saver Fund||33.51||21.76|
|Quant Tax Plan||237.3||21.86|
|Canara Robeco Equity Tax Saver Fund||122.91||16.67|
|DSP Tax Saver Fund||86.4||17.89|
It is one of the best investment options that offer tax benefits with potentially higher returns and short lock-in period (3 years). The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors.... see more ›
However, PPF offers much lower returns over a longer time horizon than ELSS. The tax benefits and capital safety are more in favour of PPF; ELSS certainly is an option for better returns. It depends on whether you have the appetite for market volatility or not.... continue reading ›
|Mutual fund||5 Yr. Returns||3 Yr. Returns|
|SBI Long Term Advantage Fund Series IV Direct Plan Growth||--||35.23%|
|SBI Tax Advantage Fund Series II Growth||25.25%||34.55%|
|SBI Long Term Advantage Fund Series IV Regular Plan Growth||--||34.51%|
Should you invest in multiple ELSS funds? You may consider investing in two or three ELSS funds. However, you may avoid investing in multiple ELSS funds as you could struggle to monitor your investment. You may avoid investing in five or six ELSS funds as it may result in an overlap of your portfolio.... see details ›
Can ELSS be Withdrawn Within 3 years? The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount.... view details ›
- Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 22 - 23.
- Top 6 Equity - ELSS Funds. BOI AXA Tax Advantage Fund. Mirae Asset Tax Saver Fund. IDFC Tax Advantage (ELSS) Fund. Canara Robeco Equity Tax Saver. DSP BlackRock Tax Saver Fund. Kotak Tax Saver Fund.
- Limited total benefits. Tax benefits for a particular financial year are available only to the tune of ₹150,000 under section 80C, irrespective of the total amount of investment in an ELSS fund. ...
- Tax benefits are limited.
Chance of returns greater than 20%
You can have good returns, but there are also chances of an investor making low to negative returns hence don't invest in an ELSS if your time horizon is 3 years. Invest for the Long term.... view details ›
Tax deductions under Section 80C can be only claimed during a financial year, i.e. if an individual invests in an ELSS Fund in July 2015, deductions can be claimed for the financial year 2015-16.... see more ›
He must choose based on his overall portfolio construct and select a fund that helps him diversify from the perspective of fund management–aggressive, moderate or conservative; market capitalisation universe–large, mid, small or flexi; and investment style–growth, value or blend.... read more ›
- Visit the mutual fund company (AMC) website.
- Visit the RTA (registrar and transfer agent) website.
- Visit online mutual fund platforms.
ELSS (Equity-Linked Savings Scheme) is the only kind of mutual fund that helps you save taxes under the provisions of Section 80C of the Income Tax Act, 1961. There are two ways of investing in mutual funds. One is through Systematic Investment Plans (SIP) and the other by making a one-time lump-sum investment.... view details ›
If you have made your ELSS Mutual Fund investment via the lump sum route, i.e., at one go, all your units will be allotted on the same day. And therefore, once the 3 year lock-in period is over, you can redeem your entire ELSS investment in one go.... see details ›
ELSS funds invest primarily in equity and equity-related instruments. Hence, there are market risks associated with ELSS funds. Unlike other tax-saving instruments, such as fixed deposits or PPF, there are no guaranteed returns when investing in ELSS.... view details ›
For instance, PPF is a long-term investment, you will not be able to get access to the money before 15 years from the date of investment, as PPF comes with a maturity period of 15 years. However, if an investor wants to continue their PPF investment after the maturity period can do so for a block of 5 years and so on.... see more ›
Blue chip funds or large cap funds are pure equity schemes. The gains from these funds are taxable based on their investment holding period. Redemptions within one year of investment are taxable at Short Term Capital Gains Tax (STCG) rate of 15%.... see details ›
An equity-linked savings scheme or ELSS is a tax-saving investment under Section 80C of the Income Tax Act, 1961. By investing in ELSS, you can claim a tax rebate of up to Rs 1,50,000 a year and save up to Rs 46,800 a year in taxes.... view details ›
- Reduce Your Taxable Income by Up To Rs 1.5 Lakhs (Section 80C, 80CCC, 80CCD) ...
- Additional Reduction of Up To Rs 50,000 for NPS Investors (Section 80CCD. ...
- Reduce Your Taxable Income by Up To Rs 75,000 (Section 80D) ...
- Reduce Your Taxable Income by Up To Rs 2 lakhs (Section 24)
Conclusion. ELSS is an investment vehicle in itself while SIP is not, it is instead a way of investing not only in ELSS but also in any other mutual fund. Therefore, ELSS cannot be compared with SIP as it's not an apple to apple comparison.... see details ›
Investing in ELSS gives you an opportunity to generate wealth over time like all other equity mutual funds along with saving tax. If you compare the lock-in tenure of ELSS with other tax saving investment options, then ELSS scores a plus point.... read more ›
You will not be able to update your SIP/ STP or SWP amount directly. If you want to increase your SIP/STP or SWP amount, you can start a new SIP/STP or SWP for the additional amount. So if you already have a SIP running for Rs. 1000 and you want to increase your investment to Rs.... see details ›
You don't need a demat account to invest in a mutual fund
You can buy mutual funds, including Equity Linked Savings Schemes (ELSS), through an AMFI-certified mutual fund advisor or directly through a fund house's website. If you need help with your investments, you should seek the help of an advisor.... continue reading ›
Equity Linked Savings Schemes (ELSS) have some unique features: 3 years lock-in period while equity funds have no lock-in period. Tax Deduction in investments upto INR 1,50,000 under section 80C of the Income Tax(IT) Act. Gains up to INR 1 lakh are free of tax.... read more ›
Reliance Tax Saver ELSS Fund is an open-ended equity linked mutual fund scheme. This fund scheme comes with a lock-in period of 3 years and works as a great tax saving investment option.... view details ›
PPF is less liquid. You can only withdraw the investment amount after the 7th year from the date of opening your PPF account. SIPs are prone to a higher level of risk as they are influenced by equity market performance. PPF offers guaranteed returns and is, therefore, a safer investment option.... see more ›
Tax Saving Mutual Funds or Equity Linked Savings Schemes are diversified equity funds that provide tax deduction benefits under Section 80C of the Income Tax Act. Hence, ELSS funds are suitable for any taxpayer who is willing to take the risk of an equity-oriented tax savings instrument.... see details ›
|Maximum investment which can be claimed as tax deduction||Rs 1 lakh||Rs 1 lakh|
|Period||5 and 10 years||3 years|
|Risk factor||Low risk||High risk, depending on markets|
|Interest rate||8.5% per annum for 5 year term and 8.8% per annum for 10 year term||No fixed interest rate|
One of the primary reasons to invest in ELSS is to save tax. Investments in ELSS qualify for tax deduction under section 80C of the income tax act of 1961. But any dividend or long term capital gain earned by the investor is exempted from income tax. Simply, your returns from ELSS become tax free.... view details ›
If you plan on investing Rs 5000 a month for 12 months with an expected rate of return of 15%, the ELSS SIP Calculator will be able to calculate the maturity value of your SIP. Your cumulative investment will be worth Rs 60,000 (INR 5000*12 months). The maturity value of this SIP will be Rs 65,106.... view details ›
There is no legal restriction on the maximum amount invested in an ELSS, though the deduction under Section 80C is limited to Rs 1.5 lakh only.... view details ›
Although ELSS funds have the highest potential to generate returns when compared with other tax-saving products, these returns come with an element of risk. This is because equity is considered to be a risky asset class exposed to volatility and market fluctuations.... see more ›
As shown above, ELSS offers a better package if you are investing for tax benefits and are comfortable with the market exposure of your capital. ULIPs, on the other hand, are primarily insurance options but not as efficient as an investment tool.... see more ›
Log in to coin, and under ' Dashboard ', click on ' Portfolio '. You can select the respective financial year and generate the ELSS statement. Note: If you're doing a SIP in the ELSS fund, then each instalment will be treated as a separate investment, and it will be locked for three years.... view details ›
So, starting today, we are waiving of the subscription fee for all investments in Equity Linked Saving Scheme (ELSS mutual funds) or tax saving funds even if you cross the Rs 25,000 limit.... see details ›
- Market Cap Composition Of The Portfolio. ...
- Understand The Concentration Risk And Over-diversification. ...
- Check The Expense Ratio Of The ELSS Fund. ...
- Check The Basic Parameters. ...
- Compare The ELSS Fund With Other Equity Funds You Have Invested. ...
ELSS Tax Saving Funds offer a wide range of benefits including: Diversification – Most ELSS funds invest across a diverse group of companies ranging from small-cap to large-cap and across various sectors. This allows you to add the element of diversification to your investment portfolio.... read more ›
An Equity Linked Saving Scheme (ELSS) is an open-ended equity mutual fund that invests primarily in equities and equity-related products. They are a special category among mutual funds that qualify for tax deductions under Section 80C of the Income Tax Act, 1961.... read more ›
SBI ELSS Funds are diversified equity funds which offer you opportunities of long term wealth creation in a tax-efficient manner. These funds have a lock-in period of 3 years and are ideal for investors who have a higher risk appetite.... see more ›
Mutual Funds pay out dividends to investors on a regular basis. So, if you invest in ELSS funds, the dividend you receive is entirely tax-free.... see details ›
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|Scheme Name||5-Year Monthly SIP||10-Year Monthly SIP|
|ICICI Pru Top 100 Fund (G)||Rs.9,41,591||16.02%|
|Quantum LT Equity Fund (G) – Direct Plan||Rs.9,15,695||16.86%|
|Reliance Growth Fund (G)||Rs.10,75,057||18.05%|
|SBI BlueChip Fund – Reg (G)||Rs.9,55,955||16.86%|
To conclude, those investors who can understand the pulse of the market may go ahead with lumpsum investments as it would yield better results than investing in SIP. For those who do not have a lumpsum amount or much knowledge about the market, SIP is the best option which will also inculcate a sense of discipline.... see details ›