Magic of ELSS gives you both

Tax saving & Wealth creation

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ELSS or Equity Linked Savings Schemes are diversified equity mutual funds that help you deal with the burden of saving taxes while offering the joys of creating wealth over the long run. A diversified mutual fund equity scheme means that a minimum of 65% of the fund’s assets will be invested in the stock market and across different sectors and industries.

The main purpose of ELSS schemes is that it helps you avail tax deductions under Section 80C of the Income Tax Act, 1961, wherein you can invest a maximum of Rs 1,50,000 in ELSS schemes and save up to Rs. 46,800* in taxes annually.

ELSS is the kind of investment that does not have any age limit for investing. One can start as early as possible or at a later age if they are willing to take some amount of risk with their investments in equity markets.

Advantages of ELSS MF Schemes

Tax Benefit

Investments of upto Rs.1.50 lacs in a year is eligible for deduction under Section 80C of Income Tax Act, 1961

Tax Free Dividend

The long-term capital gains on ELSS are tax exempted up to Rs. 1 lakh and the Dividends received by investors is tax free

Lower Lock-In Period

Investments made in ELSS funds are locked in for a period of three years which is shorter as compared to PPF & EPF

Compounding & Higher Returns

Make the most of the power of compounding with investing in ELSS funds and gain potential returns

Can invest through SIP

ELSS funds allows the investors to invest through SIP

Equity Investment with tax benefit

Equity Linked Saving Scheme (ELSS) is a mutual fund class that offers tax rebate under Section 80C of the Income Tax Act

MF ELSS Investment Ideas

Invest in

Axis Long Term Equity Fund - Growth

Rating : ★★★★

3 Year Return : 17.61%
5 Year Return : 18.54%
7 Year Return : 14.06%

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Invest in

Kotak Tax Saver Fund - Reg - Growth

Rating : ★★★★

3 Year Return : 17.78%
5 Year Return : 16.35%
7 Year Return : 12.98%

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Invest in

Aditya Birla Sun Life Tax Relief 96 - Growth

Rating : ★★

3 Year Return : 9.16%
5 Year Return : 12.60%
7 Year Return : 10.94%

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Returns as on December 20, 2021.
Rating Source - Value Research

*Rs 46,800 is the maximum tax amount that can be saved on an investment of Rs.1,50,000 under section 80C of the income tax act 1961, for tax payers in the 30% tax-slab. The amount varies according to the tax-slab of the taxpayer.

Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

Axis Direct is a brand under which Axis Securities Limited offers its retail broking and investment services. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing."This information is only for consumption by the client and such material should not be redistributed”. Disclaimer & Statutory Information