Invest in Equity Linked Savings Scheme (ELSS)

Invest upto Rs. 1,500,00 in Equity Linked Savings Scheme to avail tax benefits u/s 80C ( Income Tax Act) and earn tax free returns.

How are the returns in ELSS?

 

We list down below the past performance of some of the selected ELSS Schemes – Growth Option.

 

Past performance of some selected top performing ELSS Schemes (Growth Option)
Scheme Name 5 Years (CAGR) Since Inception (CAGR)
Axis LT Equity Fund 22.06 22.87
Reliance Tax Saver (ELSS) Fund 19.15 17.42
Franklin India Taxshield 16.7 26.01
Birla SL Tax Plan 15.3 12.17
ICICI Pru Tax Plan-Reg 14.98 23.14
Tata Tax Saving Fund-A(D) 14.4 20.56
DSPBR Tax Saver Fund-Reg 13.91 14.66
HDFC Long Term Adv Fund 13.91 24.6
SBI Magnum Tax Gain'93-Reg 13.46 17.32
Birla SL Tax Relief '96 13.43 11.23
L&T Tax Advt Fund 13.29 15.18
HDFC TaxSaver 13.18 28.87

Returns as on April 30, 2015.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Past performance may or may not be sustained in future.

Benefits:

 

Avail Tax Deduction under Section 80C

 

 

Get Tax Free dividends under Section 10(34) & (35)

 

 

Any gains on ELSS redemption is tax exempt (Returns received from equity funds after 1 year is tax free)

 

 

Advantage of Equity investing

 

 

Create wealth by investing in growth schemes of selected ELSS equity mutual funds of your choice. There is an option to invest through Systematic Investment Plan.