The ELSS is nothing but equity linked saving scheme which helps to invest in mutual fund while qualifying for the tax saving under section 80C of the income tax act. It’s been the only fund with tax saving features with the smallest duration of lock in period. The other tax saving funds like ULIP or NPS are having very long lock in period and over and above the investment towards the equity is been a partial investment. The best ELSS fund is nothing but the investment in equity linked mutual funds with tax saving proposition. It’s a product giving taste of equity investing and also of mutual fund investing. The experience encourages the investors to invest in equity linked mutual funds and in turn get the taste and benefits of the equity market. The ELSS investment plan has many benefits that they carry apart from the tax benefit with the shortest lock in period like
Benefits of ELSS are humungous especially for a tax payer, who is bogged down with too many taxes. So, make a smart investment choice and invest in ELSS now!
- The best elss mutual fund gets you the profession fund managers for your funds that in turn uses the money to create a portfolio. The portfolio includes many elements like stocks, bonds, debentures and many such similar instruments with a combination of one or more which would be bought at different market levels adding the averaging effect to the portfolio.
- For a single investor the fund value is small but as a collective group the fund value increases and so the diversification of these funds helps to get better returns over a period of time.
- It an easy and affordable option for small time investors with no headache of tracking the market or digging nose in economic studies and financial results of the companies thereby keeping a watch on all of them.
- With the helps of open ended funds it’s been quite possible to redeem your sum invested partly or completely after the end of lock in period as a when required thus giving you complete flexibility.
- These mutual funds certainly carry the tax benefits when the gains are log term gains. The benefits changes with the types of funds and depends on the types of investments the funds have opted for.
- The mutual funds performance is been reviewed by various firms and agencies thus helping to bring a transparency to the overall process of fund managing and overall process.
Benefits of ELSS are humungous especially for a tax payer, who is bogged down with too many taxes. So, make a smart investment choice and invest in ELSS now!