Invest in ELSS. Aim to prosper

ELSS or Equity Linked Saving Scheme is an open ended equity mutual fund that offers the dual-advantage of potential wealth creation and tax saving. These funds have a statutory lock-in
period of 3 years and invest primarily in equity and equity related instruments. These funds offer tax benefit under Section 80C of Income Tax Act 1961. Investments in ELSS can be made using both SIP and lumpsum investment options.

With interest rates of traditional 80C savings scheme like PPF and NSC falling, ELSS mutual funds offers investment options for investors with moderately high to high risk appetites. ELSS has the highest wealth creation potential among all 80C investment schemes. With a lock-in period of just 3 years, ELSS is one of most liquid investments in the 80C universe. ELSS is also very tax friendly, with quite low effective taxation rate of the maturity corpus. These advantages make ELSS one of the ideal investment option for various long term financial goals like retirement planning, children’s higher education, children’s marriage etc. in addition to tax savings.

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.