Top Benefits of investing in ELSS
- Tax Benefit: Investors can avail tax benefit under Section 80C of up to Rs.46,800 by investing in ELSS.
- Lowest Lock-in Period: ELSS provide the lowest lock-in period of 3 years as compared to other saving schemes like NPS, PPF etc.
- Lower Tax on Gains: Investments in ELSS are made for long term (at least 3 years). Accordingly, Long Term Capital Gains Tax is applicable @10% as against other funds where Short Term Capital Gains Tax might be applicable @15%.
- Higher Returns: Since ELSS invest in Equities, they usually provide higher returns than other tax saving schemes available.
- Professionally managed: These are managed by fund managers who have expertise in selecting the right investment opportunities. Thus, it saves the investor’s time and effort of researching.
- Capital Appreciation: If there is an increase in the price of shares of the fund, it will lead to an increase in the invested amount, leading to capital appreciation.
- Convenience: The investor may either invest lump sum amount or through Systematic Investment Plans (SIPs) in ELSS, as per his convenience.
- Affordability: Anyone can start investing for as little as Rs.500 in the fund.
- Diversification: An ELSS fund invests in various types of equity shares, lowering down the risk factor.
- Mutual Fund Calculator
- SIP Calculator
- ELSS Calculator
- Mutual Fund Risk Calculator
- Mutual Fund Retirement Planning Calculator
- EMI Calculator
- Complete Guide on What are Neobanks- How Neobanks Function, Pros and Cons of Neobanks
- Nomura Offers its first Bitcoin OTC derivatives to clients in Asia, just as crypto markets tumble
- The Pros and Cons of Investing in NFTs
- Top 28 Non-Fungible Tokens (NFTs) to Buy in 2022- Top NFTs Reviewed
- Top NFT Marketplaces in India 2022- How to Pick the Popular NFT Marketplace
- भारतीय रिज़र्व बैंक (आरबीआई) के बारे में पूरी गाइड
- Learn What is a Non-Fungible Token (NFT), How NFTs Works, Its Uses, & How To Buy The Popular NFTs
- सीडीएसएल और एनएसडीएल के बीच अंतर पर पूरी गाइड- सीडीएसएल बनाम एनएसडीएल
- The Complete Guide About Reserve Bank of India (RBI)
- Asset Management Company (AMC) – Its Definition and How It Works