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Investment in securities market are subject to market risks, read all the related documents carefully before investing. The valuation of securities may increase or decrease depending on the factors affecting the securities market.
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“An affiliate of the Company, i.e. Samyama Advisors Private Limited, is registered with the Securities and Exchange Board of India (SEBI) as an investment adviser under the SEBI (Investment Advisers) Regulations, 2013 bearing the registration number [INA000015321]. Samyama Advisors Private Limited may provide investment advice to the clients through the Company's platform.”
Registered Address: 30, Omkar House, Near Swastik Char Rasta, Navrangpura, Ahmedabad Gujarat, India – 380009
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Why Should You Invest In ELSS Funds?
Many people view saving and investing as the same thing. But they are not. You need to find a way to invest your money so that your money can work for you. There are many reasons to invest like planning for retirement, planning for your child’s education, planning to bear inflation, or could be to save tax & create wealth, etc.
Let’s see what the reason for investing could be:
You should always consider long-term investing to minimize your risk and let compounding work for you.
Why Should You Invest In ELSS?
There are many investment instruments available in the market to save tax like ELSS (Equity Linked Savings Scheme), PPF (Public Provident Fund), NSC (National Savings Certificate), and Tax Savings Fixed Deposits (FD). But there are many reasons to invest in the ELSS fund. ELSS fund is an effective way to create wealth and to save tax at the same time under one roof. ELSS funds are professionally managed funds.
ELSS funds invest in equity and equity-related securities. ELSS is the only mutual fund class that is eligible for a tax deduction. You can save up to ₹46,800 /- (tax deduction up to ₹1,50,000/-) in a financial year by investing in ELSS, which is covered under Section 80C of the Income Tax Act,1961. However, you can invest more than the designated amount; but there will be no tax benefit over ₹1.5 lac.
Let’s see what are the benefits of investing in ELSS:
Comparison between ELSS vs PPF vs Tax Saver FD vs NPS
ELSS of the Month – Mirae Asset Tax Saver Direct Plan-Growth
Objective – The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments. The scheme does not guarantee or assure any returns.
Performance
Note: Considering investing 10,000/month from Dec’15 to Dec’22
Suitability – For any investor looking to save tax on income through investment in the mutual fund.
Risk – High risk, as returns are totally dependent upon market risk. Returns are not guaranteed.
Conclusion
When we have the best investment vehicle available to save tax then, why do we need to run for conventional tools to save tax? Every investor has a different risk appetite, but if anyone is ready to hold their investment for 15-years in an instrument like PPF then, he/she should consider investing in the ELSS funds that tend to give greater returns in the long term.
NOTE – Mutual fund investments are subject to market risks. The previous performance of any fund is no guarantee of similar future performance. Please read the offer document carefully before investing.