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Equity linked savings schemes popularly called ELSS, is an investment-cum-tax saving scheme in India. In ELSS, most of your money is invested in stocks. It is a good way to get exposure to equity markets.
In an ELSS, the fund manager chooses the best Companies to invest, especially those which enjoy good growth. ELSS not only offers high returns, it also gives tax benefits under Section 80C. Indian Money Bangalore You get a tax deduction up to Rs 1.5 Lakhs a year.
Lets take a look at the 5 things you should know before investing in ELSS. Want to know more on ELSS? We at Indian Money review will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
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5 Things You Should Know Before Investing In An ELSS
ELSS is an equity diversified mutual fund which invests most of your money in stocks across sectors. ELSS grows wealth and you enjoy tax benefits. ELSS is one of the faster ways to grow rich.
Always invest in an ELSS scheme which has a five star rating. Select an ELSS with low expense ratio to maximize returns. Expense ratio is the sum total of all charges in a mutual fund. A good ELSS could give 11-14% returns over a 3-year period. Its even more over a 5 year period.
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Created on Oct 8th 2018 08:09. Viewed 588 times.
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