How it sounds if both the goals can be achieved together !!!
Equity Linked Saving Schemes (ELSS) gives you the option of saving your taxes while getting the expected growth on your investments.
Tax benefit can be availed under section (u/s) 80C of the Indian Income Tax Act. There will be a lock in of your investments for 3 years but the returns you will get will make you invest more amount every year. However the maximum amount you can use for tax exemption is 1,50,000 every financial year.
You can invest through monthly mode i.e Systematic Investment Plan (SIP) or lump sum amount. It's completely as per your convenience.
As all these funds are investing in equity market so returns may vary and will depend completely upon market performance. Take suggestion from your financial adviser to select the best fund as per your profile.
Here are few such ELSS funds with their past returns
Equity Linked Saving Schemes (ELSS) gives you the option of saving your taxes while getting the expected growth on your investments.
Tax benefit can be availed under section (u/s) 80C of the Indian Income Tax Act. There will be a lock in of your investments for 3 years but the returns you will get will make you invest more amount every year. However the maximum amount you can use for tax exemption is 1,50,000 every financial year.
You can invest through monthly mode i.e Systematic Investment Plan (SIP) or lump sum amount. It's completely as per your convenience.
As all these funds are investing in equity market so returns may vary and will depend completely upon market performance. Take suggestion from your financial adviser to select the best fund as per your profile.
Here are few such ELSS funds with their past returns
No comments:
Post a Comment