STD 12 science result analysis 2020

Equity Linked Savings Scheme (ELSS) funds are a popular tax-saving investment option among investors. Along with tax saving, ELSS mutual funds also offer other benefits. However, investors primary opt for ELSS mutual funds for the tax benefit.HOW DO ELSS MUTUAL ​FUNDS BENEFIT YOU IN TERMS OF SAVING TAX?Investments in an ELSS qualify for tax deductions under Section 80C of the Income Tax Act within the overall limit of ₹1.5 lakh These funds let you avoid the hassles of last-minute tax planning. Just by investing in an Equity Linked Savings Scheme, you can end up saving an amount of money in tax per year as per the applicable tax laws and limits prescribed. The tax benefits are as per the current income tax laws and rules applicable for FY 2019-20. Investors are advised to consult their Tax advisor before investing in such schemes.

GSEB STD 12 science result analysis 2020

Apart from the tax benefits of ELSS funds, other benefits usually go unnoticed. Here’s how investing in ELSS can be a massive advantage.
WHAT ARE THE BENEFITS OF OPTING FOR AN ELSS MUTUAL FUND?An ELSS mutual fund offers a possibility to grow your funds. This type of fund is often preferred by both new and experienced investors alike. Here are some benefits of this popular investment option:Lowest lock-in period : An ELSS mutual fund investment is lock-in period of only three years. This period is the lowest when it compares to other traditional investment products that offer tax benefits.Compounding benefit: It is generally advised to invest in equity funds for the long-term, usually five-ten years. ELSS mutual funds, by virtue of the lock-in period, help bring out the discipline of a long-term investment. In the process, it also helps the investors benefit from the power of compounding in the long-term.Redemption: The redemption is not compulsory after the 3-year period. Investor can choose to continue to stay invested with their particular funds. Also, there is no maximum investment durationGrowth Potential: ELSS funds invest in equity markets thereby providing potential for growth to one’s investment.The above benefits showcase that there is more to an ELSS mutual fund than just its tax benefit.

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Staying invested in them for the long-term can help you use them to their full potential with an aim to grow your investments.The views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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