Can I save some Tax through investments?
An ELSS is an Equity Linked Savings Scheme, that allows an individual or HUF a deduction from total income of up to Rs. 1.5 lacs under Sec 80C of Income Tax Act 1961.
Thus if an investor was to invest Rs. 50,000 in an ELSS, then this amount would be deducted from the total taxable income, thus reducing her tax burden.
1K Cr+ AUM Invested
- Long Term Advantage
- 3 Years Lockin Period
- No Exit Load
What are the inclosures ?
These schemes have a lock-in period of three years from date of units allotment. After the lock-in period is over, the units are free to be redeemed or switched. ELSS offer both growth and dividend options. Investors can also invest through Systematic Investment Plans (SIP), and investments up to ₹ 1.5 lakhs, made in a financial year are eligible for tax deduction
Short lock-in period
Once you invest in ELSS funds, they remain locked in for a period of 3 years. Other investments like Public Provident Fund (PPF), Employees Provident Fund (EPF) and National Savings Certificate (NSC) have a minimum lock-in period of five years. A lock-in period also inculcates investor’s discipline.
Though the funds are locked-in for a period of three years, you can allow the funds to grow further by not redeeming it after the stipulated time. As these funds invest in equities, over a period of time, it can help you create considerable wealth.
Habit of Saving
You can invest in ELSS schemes with a minimum of Rs 500 per month. This is also known as the Systematic Investment Plan (SIP) in ELSS schemes. Thus, with minimum investments on a monthly basis, you can watch your wealth grow. What’s more the investments will be exempt from taxation.
Net Inflows in 2021 for the ELSS Funds in India
Returns of investments given to our investors.
Investors Don’t withdraw in 3 years locking