ELSS investments require a long-term commitment of at least seven years.
Equity linked saving schemes, ELSS, became popular because they saved you taxes. Now the same ELSS funds have shown that investors can make money as well.
The season for investment in tax saving instrument has started. Here, is an investment avenue to save tax that is cheap and lets you participate in India's economic growth story.
Don't solely focus on tax-saving alone.
As per the latest data available with mutual fund industry body AMFI, the total AUM of ELSS, or tax-saving funds, stood at Rs 25,069 crore at the end of January 2013.
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
Here are some key parameters that need evaluation before you select the right tax-saving fund.
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.'
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Try this mutual fund quiz to figure out how savvy you are about this investment option.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
For someone looking at equities, you have to deal with downsides as much as with upsides. Be it ELSS (equity-linked saving schemes) or diversified equity mutual funds, both are higher risk instruments.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crores.
Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps.
Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
HSBC Tax Saver Equity Fund too offers deduction under Sec. 80C
The fund offers deduction under Sec. 80C and the minimum lock-in period would be three years as in any other ELSS.
Rediff reader Tushar Kulkarni, 40 from Dombivali shared some valuable tips.
They give you tax sops on investments and are also exempt from long term capital gains tax.
Pension plans by mutual funds have a three-year lock-in like ELSS.
There are many questions investors are asking their financial advisors at the moment.
ELSS, in general, is one of the best options among the instruments eligible for tax benefits under section 80C both in terms of potential to grow as well as tax efficiency of the returns.
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
Find out why equity linked savings scheme is the best investment option for tax savers, why it is a favourite of tax-savers, what factors you must to consider while investing in ELSS mutual funds and how to choose them.
You can no longer ignore equity linked saving schemes when you plan your tax-savinginvestments. Here's a look at how these funds have performed.
Do you think equity linked saving schemes, ELSS, are a better option than unit linked insurance plans, ULIPs? What are the pros and cons of investing in both? Which scheme gives better returns in the long term?
Here is a solution to the question that most investors are grappling with: 'Where should we invest now?'
Check the asset allocation of your diversified equity fund to see that you really have a lower-risk scheme.
Last year ended on a positive note in terms of investment in the domestic equity mutual funds; thanks to a rise in the equity markets during the month of December.
Here's what you must know about filing your tax returns.
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