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Top reasons to invest in Mutual fund tax saving scheme

ΤARRΑΚΙ TOP REASONS TO INVEST IN MUTUAL FUND TAX SAVING SCHEME ELSS (Equity Linked Saving Scheme) is a mutual fund tax saving scheme which provides tax relief benefit to one and all under section 80C (including HUF) upto a limit of Rs 1.5 lacs. #1. LOW LOCK IN PERIOD #2. FLEXIBILITY IN INVESTMENT PERIOD It is a scheme which has lock in period of 3 years. Lock in means one In ELSS it is not necessary cannot withdraw money before the that one has to redeem the maturity date. There are other tax saving investment after the lock in period funds such as PPF which has lock in of 3 years. One can stay invested period for 15 years, National saving even after the lock in period. certificate has a lock in period of 6-8 years. #3. POTENTIALLY HIGHER MARKET #4. DIVIDENDS & GROWTH LINKED RETURNS An investor has the option to select either Dividend or Growth ELSS gives potentially higher returns option depending on his needs and than the assessment of his financials. investments that offer fixed returns. Investments that offer fixed returns beat inflation but in turn they offer less effective returns. While ELSS has a benefit of higher return but that comes with higher risk. #5. HIGH LEVEL OF #6. SIP INVESTMENT OPTION TRANSPARENCY IN ELSS Asset management companies (AMC) ELSS gives you SIP option which manages mutual funds allows you to invest systematically including ELSS. AMC provides all the at fixed interval of time. Due to SIP, important information about the funds. one can develop a habit of saving a Information such as expense ratio, NAV, fixed amount at regular interval. SIP asset size etc. is provided. This gives also gives the benefit of rupee cost a transparent picture of ELSS to the averaging. investors. Direct Investments are recommended cause they offer less expenses to the fund and in turn a big higher returns. 11 11 11 A a1 12 12 tarrakki

Top reasons to invest in Mutual fund tax saving scheme

shared by saumyashah on Jul 11
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ELSS (Equity Linked Saving Scheme) is a mutual fund tax saving scheme which provides tax relief benefit to one and all under section 80C (including HUF) upto a limit of Rs 1.5 lacs.

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