Invest in ELSS (Tax Saving Mutual Funds) for saving Rs 45,000 in Taxes
Lowest Lock-in of 3 Years
2x higher interest rates than FD/PPF
No maximum limit on investment
Option to invest Monthly (SIP)
Invest as low as Rs 1000 per month
Best option for long-term wealth
Will give inflation-beating returns
|Investment||Returns||Lock-in Period||Tax on Returns|
|5-Year Bank Fixed Deposit||6% to 7%||5 years||Yes|
|Public Provident Fund (PPF)||7% to 8%||15 years||No|
|National Savings Certificate||7% to 8%||5 years||Yes|
|National Pension System (NPS)||8% to 10%||Till Retirement||Partially Taxable|
|ELSS Funds||15% to 18%||3 years||No|
Disclaimer: Mutual fund investments are subject to market risks. Please read the offer documents carefully before investing.
Easy to Invest
Invest in Hand-picked best
performing Mutual funds
Easy to track
Track / monitor your
Easy to withdraw
Withdraw anytime in 1-click
with no paperwork needed
Sign up, complete your KYC and
invest online in 10 minutes.
Bank graded security
Data security is our priority and all
you investemnts are completely secure
Investment proof for HR
Get your 80C investment proof
instantly and submit to HR.
For any investment related queries, please reach out to us on 080-67458744 or firstname.lastname@example.org
Are ELSS and Mutual Funds the same?Many think ELSS are synonymous with mutual funds. This is probably because both serve to spread an investor’s funds and ELSS is one type of mutual fund. Other mutual funds are more liquid in nature compared to ELSS. The mandatory lock-in period (3 years) differentiates ELSS from other funds, and it is the only mutual fund that allows tax rebate under Section 80-C.
How can I invest in ELSS?You can invest the amount one-time 9Lump-sump) or monthly (SIP) depending on your financials
What things to consider before investing In ELSS?
- Have a financial goal: Be it owning a home, funding children’s education or saving for retirement – know what you are saving for. Next, figure out a rough estimate (no one can know the exact amount, of course) and set a timeline for each goals. Decide on the periodic payment based on this.
- Choose wisely: Study the market and understand the variation trends, which cannot be done overnight. You can rely on a financial advisor, a distributor or a reputed fund house for this. Do not consider performance alone as other invisible parameters like market fluctuations and consistency of the fund also come into play.
How much money can I save in tax by investing in ELSSAs per Indian Tax Act : a deduction od Rs 1,50,000 from your annual income is allowed and if you invest them in ELSS you can save upto RS 45,000.