Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Min. investment
5 Year Returns
Determining the best ELSS fund depends on individual financial goals, risk tolerance, and investment horizon.
Equity Linked Saving Scheme (ELSS) is a type of mutual fund that primarily invests in equity and equity-related instruments. ELSS funds offer tax benefits under Section 80C of the Income Tax Act, making them a popular choice for tax-saving purposes.
While ELSS gains are tax-free during the 3-year lock-in, after this period, long-term capital gains (LTCG) up to Rs. 1 lakh per year remain tax-free. Gains beyond this limit are subject to a 10% LTCG tax without indexation.
PPF and ELSS serve different purposes. PPF is a fixed-income, long-term investment with a 15-year lock-in, offering guaranteed returns. ELSS, with a 3-year lock-in, focuses on equity and provides the potential for higher returns.
ELSS funds are popular for tax-saving, offering the potential for higher returns.
ELSS can be beneficial for tax-saving and potential wealth creation due to equity exposure. However, risks associated with market fluctuations should be considered. Assessing individual financial goals and risk tolerance is crucial.
ELSS, investing in equities, has the potential for better returns compared to fixed-income options. However, returns are subject to market fluctuations, and past performance does not guarantee future results.
ELSS investments can be made throughout the year, but investing early in the financial year (April to March) allows for longer market exposure. Timing is less critical for long-term investors due to the 3-year lock-in.
Yes, ELSS offers a Systematic Investment Plan (SIP) option, allowing investors to contribute fixed amounts monthly. SIPs offer rupee-cost averaging and disciplined investing, making it convenient for investors.
ELSS gains are tax-free up to Rs. 1 lakh annually after the 3-year lock-in. Gains beyond this limit are subject to a 10% long-term capital gains tax without indexation.
ELSS returns vary, and historical performance does not guarantee future results.
ELSS has a mandatory lock-in period of 3 years, during which units cannot be redeemed. After the lock-in, investors can choose to stay invested or redeem based on their financial goals.
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