Advantage AxisDirect

An ELSS is an acronym for Equity Linked Savings Scheme, which is a diversified equity mutual fund scheme.

This is a mutual fund equity scheme 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 80C, ELSS is one of the advantage.

ELSS is the kind of investment that does not have any age limit for investing. One can start as early as possible or also those who are aged but willing to take some amount of risk with their investments in equity markets.

Advantages Of ELSS MF Schemes:

  • Investments upto
    Rs.1.50 lacs eligible under 80C

  • Dividends in ELSS
    schemes are tax Free

  • Lower
    Lock-In Period

  • Can invest
    Through SIP

  • Invest in equity
    while saving taxes

  • Compounding &
    Higher Returns

Our mf elss ideas:

Scheme Name Rating 3 Years Returns (%) 5 Years Returns (%) 7 Years Returns (%) Invest

Aditya Birla Sun Life Tax Relief 96 - Growth

***** 8.92 12.10 16.77 Invest Now

Axis Long Term Equity Fund - Growth

***** 11.34 13.27 19.42 Invest Now

DSP Tax Saver Fund - Growth

**** 9.80 11.87 16.66 Invest Now

IDFC Tax Advantage (ELSS) Fund - Reg - Growth

**** 10.27 11.27 16.21 Invest Now

Kotak Taxsaver - Reg - Growth

**** 10.32 12.71 13.97 Invest Now

Source : MutualFundIndia & ValueResearch as on 19-July-2019

Past performance is not indicative of future returns