Equity Linked Saving Schemes or ELSS - Tax Saving 2014

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

ELSS Tax Saving Muraul Fund Schemes

Equity linked saving schemes (ELSS) from India mutual fund houses are ideal as long term investment avenues for retail investors. Government of India offers a spate of tax benefits to ensure maximum benefits if units are held beyond a year.

One can avail deductions under section 80C of the Income Tax Act by investing up to a maximum of Rs 1,00,000 in ELSS.

However, such investments have a compulsory lock- in period of 3 years. Industry experts rank ELSS among the most preferred tools to save taxes. These funds can generate good returns over a long term. For instance, the average returns from this category of schemes have stood over 15 per cent over the past five years.

But, one needs to take into consideration the fact that though there is a potential of high returns but such investments come with a higher risk as well. Unlike fixed income instruments like PPF or National Saving Certificates (NSE) there is no guarantee that the invested money will generate a positive return after the lock- in period. So, this product is suited for investors who have a deep appetite of taking risks. Last few years have not been good as far money making from stock markets is concerned. But it is equally true that any asset class, including equities, cannot remain forever under stress. Further, there is no tax on gains from equity funds after a year. In nut- shell, this instrument brings investors opportunity of making one of the highest returns across asset classes apart from claiming tax benefits.

Almost all Indian mutual fund houses has this product in their kitty. However, once the Direct Tax Code (DTC) comes into place, ELSS will lose its tax saving status. Talks of DTC have been making rounds for almost half- a- decade now. But it is not yet implemented. Tax payers are advised to keep a watch on when DTC comes into force; as then investments made in ELSS will no longer be considered for tax saving purposes.

 

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

 

 

Leave a missed Call on 94 8300 8300

 

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

 

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

 

Best Performing Mutual Funds

1. Largecap Funds             Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Franklin India Bluechip
4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds         Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
4. Birla Sun Life Front Line Equity Fund
5. Franklin India Prima

C. Mid and SmallCap Funds          Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
5. Birla Sun Life Dividend Yield Plus
6. SBI Emerging Businesses Fund
7. HDFC Mid-Cap Opportunities Fund
8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds   Invest Online

1. DSP BlackRock MicroCap Fund

2.       Franklin India Smaller Companies

E. Sector Funds          Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds      Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds        Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund
4. Birla Sun Life Gold

H. International funds         Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF