Tag Archives: ELSS Tax saving Schemes

Save Tax upto Rs. 45,000 : Invest in Mutual Fund ELSS

What is an ELSS?

This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits. An ELSS – Equity Linked Savings Scheme is like a Diversified Equity Fund. It is a type of mutual fund that qualifies for tax exemption under section 80C.

ELSS is an equity oriented mutual fund scheme in which the majority corpus (about 80-100%) is invested in equities. As the allocation is done in equity which are considered as high return assets, the primary aim of such funds is capital appreciation. It has a 3 year lock in period.

ELSS Fund

Advantages of Mutual Fund ELSS Schemes over other tax saving instruments

1- Income Tax Benefit under section 80 C.

2- Bright Chances of much Higher Returns.

3- Bright chances of Tax free Dividends.

4- Returns are fully exempted from Tax.

5- Relatively shorter lockin period of 3 years.

6- Dividends are Tax Free.

For more information please visit:- http://www.rrfinance.com/Maillers/elss_oct301.html

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ELSS Tax Saving Schemes

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RR Financial Consultants‘s insight:

Features of ELSS:-

1-      Tax Free Dividend

2-      Tax Free long term capital gains

3-      Shorter lock-in-period of 3 years

4-      Full tax deduction Rs. 1 lakh u/s 80C

5-      Potential for Higher returns by investment in equity related investment

For more information please visit: – http://www.rrfinance.com/Fixed_Income/Tax_Saving.aspx

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