Money you need to pay for immediate commmitments. Recommended Investment Duration: 0-12 Months.
Invest in the best tax saving mutual funds (ELSS) and save upto ₹45,000 in taxes under 80C. Recommended Duration: 3+ years
Money you set aside for your goals within the next 1-5 years. Recommended Investment Duration: 1-5 Years.
First of all, I really appreciate ClearTax for providing a hassle free option for ELSS. Though I'm not a expert in stock market or mutual fund investments, option to invest in pre-selected funds made me confident about my decision.
I really liked the seamless way in which cleartax provided the option of investing. It was a quick and hassle free experience since I've come to trust cleartax. Given that there is no paperwork involved, it was a huge positive point for me.
Find out the wealth you can generate through small monthly investments in mutual funds
Figure out how much you are currently saving and how much more you can save in 3 easy steps
Figure out exactly how much you are currently saving and how much you can save in 3 easy steps.
Each mutual fund on ClearTax is chosen by our investment research team based on an investment methodology proven by decades of research
Our software manages your investment account for you 24/7, around the clock. We will do all the work so that you can focus on the other things that really matter
View all of your investment in one place, have complete transparency of every transaction you make, withdraw when you need the money
One of the biggest pain-points that taxpayers face at the time of filing income tax returns is struggling through the technical terms and jargon associated with income tax...But that was until ClearTax came into the picture.Just by itself, ClearTax solved all of these problems for taxpayers. read more
Data security is our top priority as a tax company. 128 Bit Bank Grade SSL. ISO 27001 Data Centers.
Investments in tax-saving mutual funds, also known as Equity Linked Savings Schemes (ELSS), can get you a tax break of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
In comparison to other tax-saving investments, ELSS funds come with the lowest lock-in period of only 3 years. Additionally, these are equity mutual funds, which means they have the ability to earn high returns over the long-term.
Tax-saving mutual funds come with the dual benefit of tax saving and wealth creation. They help you not only save taxes but build wealth over the long-term as well, because these mutual funds invest primarily in equities and earn higher returns than traditional tax-saving investments like PPF, FDs and NSC.
Not only ELSS funds, all tax-saving investments come with a lock-in period. But tax-saving mutual funds have the lowest lock-in period of only 3 years. In comparison, PPF has a lock-in of 15 years, while NPS and EPF require you to be invested till you retire.
SIPs are Systematic Investment Plans where money is deducted from your bank account and invested automatically. With an SIP, you’re able to purchase fund units at different levels of the market and benefit from rupee cost averaging.
Using an SIP, you’re able to invest regularly every month. By spreading out your investment like this, instead of investing the whole amount in one go, you can cushion yourself from catching a market peak. Furthermore, SIPs also provide the benefit of getting into a habit of saving and investing every month.
After rigorous modeling we choose the the right mix of funds that is best suited for your needs. We look at fund’s past returns, fund manager’s performance, it's consistency, performance against it’s peers among other things to shortlist the funds.
Your money goes directly to the accounts of the mutual funds that you invest in. it does not come to ClearTax. At the time of redemption, the money will be transferred by the fund company and deposited directly to your bank account.
There is no fixed amount that you need to invest every year in a mutual fund. Most funds have a minimum investment ₹1000, but the cumulative yearly investment can be as per your convenience. On ClearTax you can start investing with just ₹ 3000.
ClearTax is completely free for you. We do not charge any commission from our users. We get a commission from funds that helps us keep our service free and high quality.
You can withdraw your investments anytime from your ClearTax Investment Dashboard. After redemption, the money is usually transferred to your registered bank account directly in 3 working days. Tax saving funds (ELSS) have a 3 year lock-in after which you can redeem.
ClearTax is registered with the Association of mutual funds (AMFI) under ARN code: ARN110027. Your investments made through ClearTax are 100% genuine. All data and transactions are protected with 128 bit encryption.
Yes of course. You can make additional investments anytime from your investment dashboard. Pay from your registered bank account using net banking or debit card.
When you invest money in Tax Saving funds during the year, the amount of tax you have to pay in the year is decreased. Also, you keep earning interest in amount invested.
You can invest up to Rs.1.5 Lakh under section 80C.
You should finish all your tax saving investments by March 31st to reduce the amount of tax you pay this year.
You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also called ELSS) etc.
Yes. Know Your Customer (KYC) compliance is mandatory to invest in ELSS funds. But unlike what you would think, KYC is not a difficult process. ClearTax has a completely paperless process for KYC which can be completed online.
The documents required for KYC are: - 1 passport size photograph - 1 copy of PAN - 1 address proof With these documents, the entire KYC process can be done online when you invest through ClearTax.