What are ELSS Mutual Funds (Equity Linked Savings Schemes) Tax Saver Fund | SBI Mutual Fund
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What are ELSS Mutual funds?ELSS
What are ELSS Mutual funds?
ELSS stands for Equity Linked Savings Scheme. These are tax saving mutual funds that you can use to reduce taxable income by up to Rs 1.5 lakh under Section 80C. ELSS mutual funds have a lock-in period of 3 years and invest a majority of their portfolio in the stock market. Which means the returns generated on the investments are also tax free in the hands of the investor after completion of the 3-year lock-in period. In case of SIP investments, redemptions can be done on a firstinfirst-out basis since each individual SIP has a lock-in period of 3 years.
Equity-linked saving schemes (ELSS) form a part of the tax saving investment basket as they not only reduce the tax outgo but are also an efficient long-term investment tool. If you are making a tax saving investment with the intention to remain invested for 3-5 years or longer, ELSS is the most efficient choice. Mostly, ELSS funds as a category are considered only for tax saving. However, these are managed as diversified equity funds with a long-term investment outlook.
Click here to learn more about the ELSS Mutual Funds : https://www.sbimf.com/campaign/elss-t...
Start your Mutual Fund journey Here: https://www.sbimf.com/en-us/investmen...
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ELSS stands for Equity Linked Savings Scheme. These are tax saving mutual funds that you can use to reduce taxable income by up to Rs 1.5 lakh under Section 80C. ELSS mutual funds have a lock-in period of 3 years and invest a majority of their portfolio in the stock market. Which means the returns generated on the investments are also tax free in the hands of the investor after completion of the 3-year lock-in period. In case of SIP investments, redemptions can be done on a firstinfirst-out basis since each individual SIP has a lock-in period of 3 years.
Equity-linked saving schemes (ELSS) form a part of the tax saving investment basket as they not only reduce the tax outgo but are also an efficient long-term investment tool. If you are making a tax saving investment with the intention to remain invested for 3-5 years or longer, ELSS is the most efficient choice. Mostly, ELSS funds as a category are considered only for tax saving. However, these are managed as diversified equity funds with a long-term investment outlook.
Click here to learn more about the ELSS Mutual Funds : https://www.sbimf.com/campaign/elss-t...
Start your Mutual Fund journey Here: https://www.sbimf.com/en-us/investmen...
Connect with us
Facebook: Facebook: SBIMF
Twitter: Twitter: SBIMF
LinkedIn: LinkedIn: sbi-mutual-fund
YouTube: sbimutualfund
SlideShare : http://www.slideshare.net/SBIMutualFund
11 سال پیش
در تاریخ 1392/05/13 منتشر شده
است.
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