Equity Linked Savings Schemes (ELSS): Save upto Rs. 46,800 by availing Tax Deduction under Section 80C.
ELSS Calculator
ELSS Calculator
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by investment in ELSS
*Past perfomance may or may not be sustained in future
| Options | ELSS | PPF | EPF | NSC | FD* | NPS | ULIP | Life Insurance | SSY@ |
|---|---|---|---|---|---|---|---|---|---|
| Risk | Very High | Low | Low | Low | Low | High | Moderate to Very High | Low | Low |
| Avg. % Returns | 10 - 15% | 7.10% | 8.25% | 7.70% | Up to 8% | 9 - 12% | 8 - 10% | Varies | 8.00% |
| Lock-in Period | 3 years | 15 years | Till retirement | 5 years | 5 years | Till the age of 60 | 5 years | Varies | 21 years or upon marriage |
Tax Exemption  |
Taxable | Tax-free | Tax free | Taxable | Taxable | Partially taxable | Partially taxable | Tax-free | Tax-free |
| * Tax-saving Fixed Deposit / @ Sukanya Samriddhi Yojana | |||||||||
SIP is always recommended as it spreads your investments throughout the year reducing the risk of entering the market at a wrong time. In case of lumpsum, you run the risk of entering the market at a high point which may fall sharply thus eroding your investment.
If you’re looking for long term investment, growth ELSS is recommended. Dividend ELSS come with a lock in period of 3 years with reinvestment and hence should be considered carefully.
ELSS is a type of mutual fund. Mutual fund investments are subject to market risks and it is always advisable to read the offer documents carefully before investing.
ELSS stands for Equity Linked Savings Scheme
You can avail up to Rs. 1,50,000 under section 80C and if you fall in 30% tax bracket then you can save taxes worth Rs. 46,800*.
*According to Annual Budget 2019, subject to revisions.
