How to invest in ELSS?by Ravi Kumar Blogger Live
Present lifestyle has kept everyone so busy. It is not at all easy for you to evaluate the financial position from time to time. It is a good game to find the right investment product that matches with the budget in this busy and tight scheduled lifestyle. But it is necessary to make the future secured to prevent the next generation from making a mockery out of you. Since there are several investment products in the market you should select the right one that creates a perfect balance between the returns in accordance with the investment made.
ELSS – The best investment portfolio to select from
ELSS or what called Equity Linked Saving Scheme is one of the best investment products to select from in the market. This scheme suit best for the investors who are new to the market since it not only provides a better and consistent return on investment but also works as a tax saving instrument. This equity fund provides tax deduction up to an amount of 1,50,00 under the section 80c of the income tax act. If you have doubt on how to invest in elss, here are some tips that help you make a better decision for your investment.
Selecting the right scheme
There are several companies to provide you with different schemes. You should select the right tax saving scheme that you think better suits you. ELSS has comparatively the lowest lock-in period. When most of the tax saving schemes ranges from 3 to 15 years, this scheme comes with a lock-in period of just 3 years. Present generation shows more interest in the schemes that assure returns in the quickest possible time.
Keep an active bank account
Once you have made the investment in ELSS, the dividends are to be credited to somewhere like a bank account. So it is good to keep an active bank account under your name to get the return on investment. There is no need for a demat account to invest in ELSS. You can purchase the schemes directly through a certified mutual fund advisor or from the website of the fund house.
Select your mutual fund advisor
Even though you can purchase the scheme directly from the company, it is better to select an intermediary who can take the burdens and risks off your shoulders. It is a good idea to select the advisor who is paid by the company and doesn't collect any type of service charge from you. They help you select the right ELSS in accordance with your investment dream and budget.
Now, you can depend on an online distributor instead of walking towards the street side office. Online ELSS service provides assure best returns and help you with everything online. Reputed online ELSS platforms make you completely free from paper and jargon. Everything right from KYC to execution is done digitally and make you completely free from the tensions of how to invest in elss.
Make your future bright with investment in the best ELSS. Let the future become certain for you. Learn more about mutual funds at Gualq Mutual Fund Blog
Created on Jun 7th 2019 01:39. Viewed 163 times.