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ELSS Scheme Details:
The financial year is coming to an end and so must determine where to invest so as to get optimum return and tax benefits. Even though the primary objective is to save taxes you also want that your investments earn good returns. This article is an attempt to analyze the various tax saving investments available and the annual returns that it earns.
An ELSS is a diversified equity mutual fund which has a most of the staple lended in equities. As an equity fund, recovery from an ELSS fund reflects arrivals from the equity markets. This brand mutual fund has a block off period of 3 years from the date of investment.
Key points to remember:
3 years block off period and tax interest affixed.
There are three types of opportunities in ELSS, dividend option growth option and dividend reinvestment option.
Tax interests on investment in ELSS may directly be phased out with the introduction of direct tax code.
Know more about ELSS :https://www.icicidirect.com/ilearn/mutual-fund/infographics/everything-about-elss
Investing in India is a process that is done after careful thinking. People are still skeptical about spending their valuable money in investment schemes and this scenario has been prevalent for a long time. wealthclockadvisors.wordpress.com/2019/03/15/4-ways-to-us...
ELSS investment options to optimize good returns over other tax saving investment options and mitigate potential losses.
ELSS Mutual Funds – has become a generic term in the mutual fund industry. If we look at the full form of this term it will say Equity Linked Savings Scheme Fund – sounds odd.
Read more - www.tflguide.com/elss-tax-mutual-fund-india/
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The last month of the financial year generally sees that the investors are rushing to save the tax by investing in the tax-saving instruments. You can, however, save tax by investing up to Rs.1.5 lakh in the equity-linked savings scheme (ELSS) under section 80C of the Income Tax Act.
Simply put,...
www.legalraasta.com/itr/can-save-tax-using-elss-fund-sect...
Some of the popular dedcutions under the section 80C of the Income Tax Act are:
1. National Savings Certificate (NSC)
2. National Pension Scheme(NPS)
3. Employee Provident Fund
4. Public Provident Fund
Save taxes by investing in Equity Linked Savings Schemes. In an ELSS you can get up to Rs 1,50,000 tax rebate a year in addition to saving up to Rs 46,800 in taxes.
Learn more: www.investmentz.com/elss-tax-saving-funds
ELSS schems statement - It provides a complete view of all your ELSS transactions and holdings associated with your PAN, across CAMS serviced Funds. This statement may not reflect the complete information on your DEMAT holdings. Please check with your DP for details on DEMAT holdings.
Source URL: www.camsonline.com/Investors/Statements/ELSS-Statement
The ELSS funds are Equity Linked Savings Scheme that makes it possible for people to save huge money on their tax payments. This is done as incurring profit through equities at the same time. They are takers for ELSS funds by people of every age group. ELSS funds are taken by investors in every profession.