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What is an Equity Linked Saving Scheme (ELSS)?

An Equity Linked Saving Scheme is a diversified equity mutual fund that gives you the dual benefit of tax savings with the growth potential of equities. But unlike other tax saving investments, ELSS has a lock-in period of just 3 years, which is the lowest! You could invest in ELSS through a Systematic Investment Plan (SIP) and also benefit from rupee-cost-averaging and compounding. ELSS could be the ideal option to help beat rising inflation in the long term and help grow your money.

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ELSS Vs. other investments

Saving tax can be confusing with so many options...
  PPF NSC Bank Deposits  ULIP ELSS
Lock in period 15years 5/10 years 5years 5years 3 years
Returns 8.6% 8.4/8.7%  7 to 7.5% Market Linked Market Linked
Returns taxed No Yes Yes No No
Minimum Investment  ₹ 500 ₹ 100 ₹ 100 Depends on Premium  ₹ 500
Risk Rating  Low Risk Low Risk  Low Risk  Moderately High  Moderately High

 

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Disclaimer

An investor education initiative.
*The tax saving shown has been calculated for the highest income tax slab having taxable income of less than 1 crore, as per Section 80C of the Income Tax Act, 1961 for the Financial Year 2015-16 and includes applicable cess. All the tax related information is basis FY 2015-16.#Tax saving plus wealth creation.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
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