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How To Save Tax Through Mutual Fund

How To Save Tax Through Mutual Fund, where to invest safely to save tax, What is ELSS fund?
How To Save Tax Through Mutual Fund, where to invest safely to save tax, What is ELSS fund?
How To Save Tax Through Mutual Fund
If you want to save your hard earned money and if you are investing in bank FD, government bonds etc then here is another powerful option where you can save tax and
get hire return on investment.
This option is ELSS mutual fund.

What is ELSS fund?

The full form of ELSS is Equity Linked Saving Scheme. It is a diversified equity mutual fund that is qualified for exemption of upto 1.5 lakh under section 80C of the income tax Act
Investor gets the dual benefit of capital appreciation and tax exemption by investing in ELSS fund. 

Important things to know about ELSS Fund:

  1. An ELSS mutual fund is required to hold at least 65% of its total portfolio in equity stocks. 
  2. If you invest in ELSS through SIP, each SIP installment will be locked in for a period of 3 years from the date of investment. 
  3. Returns of the ELSS scheme is dependent on the performance of the securities invested. 
  4. The dividend of ELSS mutual fund is tax free.

Why To Invest In ELSS Mutual Fund?

  • ELSS has the minimum lock in period of 3 years amongst all tax saving instruments.
  • The long term capital appreciation is tax free in the hands of investor, while in case of other tax saving instruments link bank FD or NSC etc the interest is taxable. Through interest earned on PPF is also tax free but the tenure of PPF is 15 years as compared with 3 years for ELSS.
  • ELSS provide excellent opportunity to create wealth in growing indian stock market.
  • If you don't have huge amount to invest in one time then you can also opt for SIP optin in ELSS mutual fund. 
Equity linked saving scheme is the smart way to save tax and create wealth.

Mutual funds investments are subject to market risks.

Read More Related Articles On:
What is SIP?
Indian mutual funds basics
What is mutual fund?
Why One Should Invest in Diversified Equity fund?

How To Save Tax Through Mutual Fund, where to invest safely to save tax, What is ELSS fund?

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