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Thursday, January 14, 2016

Why is ELSS the Best option under Section 80C?

 Now it is time for Income Tax Savers to look for options to invest and avail Tax exemption.

Equity Linked Saving Scheme (ELSS) are the most popular schemes among tax savers. ELSS mutual funds in simple term are mutual fund schemes investing at least 65% in equity related instruments that are notified to avail tax benefits. Investment in such ELSS MF products would provide tax benefit to investors u/s 80C, which is capped to a maximum of Rs 1.50 Lakh per year.
 
 Why is ELSS Funds are the Best option under 80C?
  • An ELSS scheme gives the investor equity exposure and also provides tax exemptions. Hence, its a dual benefit for the investors.
  • It has been shown that equity can provide better returns among all asset classes.
  • Funds are professionally managed by investing in the equity markets.
  • These tax saving mutual funds give a well-rounded diversified asset allocation.
  • Compared to PPF with 15 years lock in, ELSS just have a 3 year lock in (shortest in tax saving category).
  • A Systematic Investment Plan (SIP) method will give ease of investing and it will also help in reducing your risk of investing in equity markets during peak.
  • Potential of NO TAX on long-term gains. Since, ELSS have predominantly equity allocation,
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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