Advantage AxisDirect



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



Our Recommendations:


Scheme Name 3 Years 5 Years 10Years Invest

ADITYA BIRLA SUN LIFE TAX RELIEF 96

 15.64 18.76 20.86 Invest Now

Axis Long Term Equity Fund - Growth

14.73 18.57 - Invest Now

DSP Tax Saver Fund - Growth

 16.06 17.93 20.73 Invest Now

Franklin India Taxshield - Growth

 12.11 16.05 20.20 Invest Now

IDFC Tax Advantage (ELSS) Fund - Growth

 16.62 17.21 19.17 Invest Now

Kotak Taxsaver - Growth

 15.58 17.30 17.83 Invest Now

Source : MutualFundIndia & ValueResearch

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