Market Snapshot
  • BSE 200: 5108.87 -0.14%
  • BSE 100: 12260.17 -0.18%
  • BSE Mid-Cap: 15585.53 -0.01%
  • BSE Small-Cap: 14694.84 0.29%
  • BANKEX: 35035.27 -0.75%
  • BSE IT Sector: 16135.54 1.32%
  • Nifty 50: 12136.55 -0.27%
  • Nifty 500: 9973.95 -0.14%
  • Nifty 200: 6286.15 -0.17%
  • Nifty 100: 12262.9 -0.20%
  • Nifty Midcap 100: 17960.65 0.05%
  • Nifty Small 100: 6268.85 0.33%
  • Nifty IT: 16367.75 1.19%
  • Nifty PSU Bank: 2409.75 -0.13%
  • BSE Sensex: 41231.02 -0.22%
  • BSE 500: 15844.41 -0.10%
News:
  • Information Technology shares ...
  • Volumes spurt at Gillette Indi...
  • Zee Entertainment tumbles afte...
  • Basic materials shares gain...
  • Healthcare stocks edge higher...
  • Yen to INR: 0.64 0.14%
  • Dollar to INR: 70.95 0.12%
  • Euro to INR: 78.69 0.14%
  • Pound to INR: 92.21 0.07%
My Portfolio:
News

Advantage AxisDirect

CPSE ETF Further Fund Offer 6 (FFO 6)

 

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



  • Accumulate more no. of Mutual Fund units when the markets are in bearish phase

  • Dividends in ELSS schemes are tax Free

  • Lower Lock-In Period

  • Can invest through SIP

  • Invest in equity while saving taxes

  • Compounding & Higher Returns



MF ELSS investment ideas


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

Axis Long Term Equity Fund - Growth

17.03 10.32 18.92

DSP Tax Saver Fund - Growth

11.93 10.10 15.33

IDFC Tax Advantage Fund - Growth

11.49 8.15 13.81

Kotak Tax Saver Fund - Growth

12.65 8.88 12.84

Mirae Asset Tax Saver Fund - Growth

17.19 - -


Source - MutualFundsIndia & ValueResearch as on Jan 24th, 2020


Insights
Tools
Services

Main Office Address

Unit No. 2, Phoenix Market City,15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070.

Email Address

In case of any queries please write to: helpdesk@axisdirect.in

vV5.0.0.6-79