Best ELSS Mutual Fund SPI How To Best ELSS Funds Value Research Best Investment Plan

by banking financial, earn money, sarkari yojana, business,

Posted on 17-02-2022 by Admin

Best ELSS Mutual Fund SPI How To Best ELSS Funds Value Research Best Investment Plan

To get income tax exemption for the year 2021-22, you have to invest in certain schemes by March 31. In such a situation, if you are looking for a scheme to invest money where you can get the benefit of tax exemption along with good returns, then you can invest in Equity Linked Savings Scheme (ELSS).

This mutual fund scheme has given returns of up to 51% in the last one year. Apart from this, you can also take tax exemption on investment up to Rs 1.5 lakh under Section 80C of the Income Tax Act on investing in it.

Has a lock-in period of 3 years

There is a lock-in period of 3 years in ELSS i.e. the money you invest in it can be withdrawn only after 3 years. This is a very good feature of this scheme. Its lock-in period is very less as compared to other schemes. However, after the lock-in period is over, the investor can continue with it. Investing in ELSS for a long time is considered more beneficial.

You can start investing with Rs 500

One can start investing in ELSS through Systematic Investment Plan (SIP or SIP) with as little as Rs 500. There is no maximum limit. Investors get two types of options in these funds. The first is growth and the second is dividend payout. In growth option, the money stays in the scheme continuously.

You can invest through SIP

Investing in Mutual Funds has been made convenient through Systematic Investment Plans (SIPs). Talking about 1.5 lakhs for tax savings, it can be invested throughout the year with Rs 12,500 per month. However, the lock-in period varies for each SIP installment.

5 funds giving better returns in 5 years

Mirae Asset Tax Saver Fund: 23%

BOI AXA Tax Advantage: 20%

Canara Reboco Equity Tax Saver: 18%

DSP Tax Saver Fund: 17%

IDFC Tax Advantage (ELSS) Fund: 17%

Enter More Update: