India
NRI
An ELSS is an acronym for Equity Linked Savings Scheme, which is a diversified equity mutual fund.
This is an equity fund which means that a minimum of 65% of the fund’s assets will be invested in the stock market. This is a diversified fund that will invest across sectors and industries.
The main purpose that it serves is helping you in availing tax deductions under Section 80C of Income Tax Act, 1961. Amongst other alternatives available for availing deductions under Section 80 C, ELSS is on a lower risk side.
ELSS is the kind of investment that does not have any age limit. One can start as early as possible or also those who are aged but willing to take some amount of risk with their investments.
Advantages Of ELSS Funds:
-
Investments upto
Rs.1.50 lacs eligible under 80C -
Dividends in ELSS
schemes is tax Free -
Lower
Lock-In Period -
Invest
Through SIP -
Invest in equity
while saving taxes -
Compounding &
Higher Returns
Investment Ideas:
| Scheme Name | Category | 3 Years | 5 Years | 10Years | Know More | Invest |
|---|---|---|---|---|---|---|
|
ADITYA BIRLA SUN LIFE TAX RELIEF 96 |
ELSS | 8.79 | 12.6 | 15.37 | Click here | Invest Now |
|
AXIS FOCUSED 25 FUND |
FOCUSED | 10.86 | 12.68 | - | Click here | Invest Now |
|
HDFC CAPITAL BUILDER VALUE FUND |
VALUE | 9.29 | 11.7 | 15.15 | Click here | Invest Now |
|
HDFC SMALL CAP FUND - REGULAR PLAN |
SMALL CAP | 13.89 | 16.32 | 17.24 | Click here | Invest Now |
|
ICICI PRUDENTIAL BLUECHIP FUND |
LARGE CAP | 10.12 | 11.05 | 14.14 | Click here | Invest Now |
|
IDFC CORE EQUITY FUND - REGULAR PLAN |
LARGE & MID CAP | 7.84 | 10.17 | 11.39 | Click here | Invest Now |
|
KOTAK STANDARD MULTICAP FUND REGULAR PLAN |
MULTI CAP | 9.18 | 12.58 | - | Click here | Invest Now |
|
L&T MIDCAP FUND |
MID CAP | 8.9 | 15.46 | 19.22 | Click here | Invest Now |
Source: Value Research | Returns As On 15th November 2018