Equity-linked savings scheme popularly known as ELSS are close-ended, lock-in period of 3 years diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961. ELSS can be invested using both SIP and lump sums investment options.
Invest in tax-saving funds (ELSS) – Mutual Fund Tax Saver Plan and[/vc_column_text][vc_row_inner][vc_column_inner width=”1/3″][vc_column_text]
Save Tax
[/vc_column_text][vc_column_text]Save up to:
If you Fall in 20.8% Slab and invest in ELSS and you invest upto Rs. 1,50,000 /- you can save upto Rs. 31,200 /-
If you Fall in 31.2% Slab and invest in ELSS and you invest upto Rs. 1,50,000 /- you can save upto Rs 46,800 /-
[/vc_column_text][vc_column_text]Lowest Lock in Period amongst all 80C Options
PPF – 15 Years
NSC – 5 Years
Tax Saving FD – 5 Years
Life Insurance – 5 years
ELSS Mutual Fund – 3 years
[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”2/5″][gem_image style=”7″ disable_lightbox=”1″ effects_enabled=”1″ src=”25347″][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title_level=”h5″ title=”Comparison between ELSS and Other Tax-Saving Methods”][vc_column_text]There are a plethora of savings schemes to help you build your wealth, such as FD, PPF and NSC to name a few. But the returns from these schemes are taxed. This is where ELSS stands out with its dual-benefit – its returns are generally higher & partially taxable (Returns are not taxable until 31 March 2018. After 31 March 2018, returns will be taxable at a concessional rate of 10% if gains are over and above Rs. 1 lakh. This coupled with a mere lock-in period of 3 years is all the more reason for you to invest in ELSS now.[/vc_column_text][gem_table]
Investment
Returns
Lock-in Period
Tax on Returns
5-Year Bank Fixed Deposit
6% to 7%
5 years
Yes
Public Provident Fund (PPF)
7% to 8%
15 years
No
National Savings Certificate
7% to 8%
5 years
Yes
National Pension System (NPS)
8% to 10%
Till Retirement
Partially Taxable
ELSS Funds
15% to 18%
3 years
Partially Taxable
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Section-80C of the Indian Tax Act allows deduction upto Rs. 150,000 from your total annual income. Yet, many taxpayers find a major chunk of this getting consumed by mandatory deductions.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][gem_icon_with_text icon_pack=”material” icon_size=”medium” disable_mobile_centered=”1″ icon_material=”f268″ icon_color=”#89c765″][vc_column_text]Easy to Invest
Invest in Hand-picked best performing Mutual funds[/vc_column_text][/gem_icon_with_text][/vc_column][vc_column width=”1/4″][gem_icon_with_text icon_pack=”material” icon_size=”medium” disable_mobile_centered=”1″ icon_material=”f188″ icon_color=”#89c765″][vc_column_text]Easy to track
Track / monitor your investments 24/7 through NJ – e-wealth Account[/vc_column_text][/gem_icon_with_text][/vc_column][vc_column width=”1/4″][gem_icon_with_text icon_pack=”material” icon_size=”medium” disable_mobile_centered=”1″ icon_material=”f25e” icon_color=”#89c765″][vc_column_text]Easy to withdraw
Withdraw anytime in 1-click with no paperwork needed[/vc_column_text][/gem_icon_with_text][/vc_column][vc_column width=”1/4″][gem_icon_with_text icon_pack=”material” icon_size=”medium” disable_mobile_centered=”1″ icon_material=”f2d2″ icon_color=”#89c765″][vc_column_text]Investment proof
Within 3 days[/vc_column_text][/gem_icon_with_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.
