#elss

The chapter 2 is heeerreeeee wooooo

I am. so sorry for how long it took. but yeah life happens.

anyway this chapter is more of a fluffy one? the real deal will happen in chapter 3 so be ready (AND CHECK THOSE TAGS when it happens)

Let’s start with what ELSS is all about. ELSS, also called Equity Linked Saving Scheme, is a particular separate type of Mutual Fund from other kinds of MFs. It is solely focused and used for tax saving and deduction purposes with a 3 years lock-in period. It falls under Section 80-C of the Income Tax Act, giving deduction up to Rs. 1.5L per financial year. It sounds great, especially for payers falling in high tax brackets who can save every penny from tax.

ELSS is “Thanda Thanda Cool Cool” powder to Indian taxpayers through which not only the investors can enjoy the benefits of a tax deduction but also tax-free (or itch-free) returns during withdrawal. Unlike most extended lock-in period of PPF and 5-year FD schemes, ELSS is the shortest route to save the tax with just 3 years. That’s the significant benefit of investing in ELSS Mutual Funds.

You can either invest as small as Rs. 500 per month – minimum investment in case of SIP [Systematic Investment Plan] or Rs. 5,000 in case of lump sum investment. There is no restriction to withdraw after the end of 3 years lock-in period of investment. You can either stay long for 10 years or withdraw after 3 years of investment, thus enabling greater flexibility.

The biggest plus point for investing in ELSS is the wealth builder or power of compounding. Your investment multiplies even greater for a longer period of time [if you understand what compound interest is all about.]

From the above points, we can conclude that not only if it offers the best and shortest tax saving option, but also gives better returns as compared to all other financial instruments with minimal risk.

Here are some quick FAQs about ELSS investment to clear up the common doubts.

Q: Is ELSS giving guarantee returns? A: NO! ELSS MF operates with market risk.

Q: Is ELSS giving better returns? A: YES! Usually, it gives the minimum of 12-15% CAGR or 36-45% absolute returns for 3 years of investments.

Q: Does ELSS ever end in a loss for more than 3 years of investment? A: Not really if you pick one of the good funds like the suggested answer below.

Q: What are the top 3 ELSS funds in 2019? A: Axis Long Term Equity Fund, Aditya Birla Sun Life Tax Relief 96’ Fund, Mirae Asset Tax Saver. [Suggestions only]

Q: Which are the best brokers or advisors for investing in Mutual Funds? A: Finvasia, 5Paisa, Bajaj Capital

Q: Can I withdraw the entire amount after 3 years? A: Yes in case of lump sum investment, you can withdraw all units/amounts after making one investment. However, in case of SIP, you can withdraw all amounts only if all the monthly investments you made have completed 3 years in the fund.

Q: Can I withdraw within 3 years lock-in period? A: No! You can’t withdraw once you made an investment. Note that you can stop the investment anytime, but there is no option for withdrawal if less than 3 years. In case of emergency, you can take a loan against ELSS.

hello there!! this was put in a randomizer, and you won zane angst from my "everybody loves somebody sometimes" fic!

enjoy!! :D

HI HI TADDY :D I KNOW you're as insane as me when it comes to powers/consequences, and blood bending Nya, so HERE EHEHEHEEH!!! This is from "everybody loves somebody sometimes" and happens in. a while.

TW BLOOD AND VOMIT!

tagged by Mondo @mondothebombo !! @taddymason , @finn-m-corvex and open tag! Because I have no idea who did it already or not htdlhkjld

1. how many works do you have on ao3?

7 !! by updated order: "swimming and dancing with you", "bending, but never breaking", "it was a jellyfish all along!", "everybody loves somebody sometimes", "hold your breath, the end is near", "just the two of us (we can make it if we try)", "pomegranate"

2. what’s your total ao3 word count?

381 762. I need sleep I think. or maybe I need help.

3. what fandom(s) do you write for?

currently ninjago but I have tried some lego monkie kid (and failed miserably I'll probably never publish them)

4. what are your top five fics by kudos?

1) bbnb (568)

2) pomegranate (109)

3) just the two of us (we can make it if we try) (75)

4) swimming and dancing with you (48)

5. do you respond to comments?

hell yeah!!! but I tend to not log no AO3 often so there might be comments out there I've never answered and I'm sorry ;w;) but I read all of them since they end up in my mail!

6. what is the fic you wrote with the angstiest ending?

I think I'm torn between "it was a jellyfish all along!" and "hold your breath, the end is near" ? I'm not sure

7. what is the fic you wrote with the happiest ending?

Imma go with "just the two of us (we can make it if we try)"

8. do you get hate on fics?

No I don't think so

9. do you write smut? if so, what kind?

yes I do! I'm never writing what I wrote for bbnb ever again, but the sexy with fluff kinda smut has to be my favorite, like pomegranate! I just love when couples are happy, sue me! and yes it can be detailed!

10. do you write crossovers? what’s the craziest one you’ve written?

I haven't no but I'd love to read some!!

11. have you ever had a fic stolen?

currently under writing_hat I have not! I had when I was a stupid kid but I never fought for it since i didn't really care

12. what's the longest time you've spent working on a fic? and what's the shortest?

bbnb is the longest time I've worked on a fic, even though "everybody loves somebody sometimes" is a close one

short is pomegranate: it took me a single night to write and another to read quickly through it

13. have you ever co-written a fic?

nope! I don't think I could because my brain's a mess and english isn't my first language but hey I guess I could try at some point

14. what's your all-time favourite ship? from every fandom?

LAVA they make me go EEEEEEE-

jaya and shadowpeach are close tho

15. what's a wip you want to finish but doubt you ever will?

SO MANY. but there's a plasma fic I'll probably never finish because it's. not good.

16. what are your writing strengths?

having unhinged ideas? seeing the worst situations when powers are involved? torturing characters?

17. what are your writing weaknesses?

words. putting thoughts on paper goddamnit.

18. thoughts in writing dialogue in another language for a fic?

hell yeah! french tho

19. first fandom you wrote for?

my little pony I think? I'm not sure jshjdk but before ninjago I never really wrote anything "seriously"

20. favourite fic you've ever written?

What do you do when writing becomes difficult? (maybe a lack of inspiration or writers block)

is there a work of yours that resonates personally with you?

Oh hello there! Thanks for the ask bomb!!

What do I do when writing becomes difficult?

It depends on the level of difficulty, but if it becomes really hard like writers block or burnout I just stop. I close everything and I stop to take a break- or finally go get some sleep. Then again I suppose this doesn't really apply to me because I write when I wanna write, I'm rarely forcing myself to do it. Especially since those urges happen late at night lmao (sleep is my enemy) But yeah. No inspiration? Then I just stop. I'll wait for a new strike of ideas at the next 3AM (music helps a lot sometimes, too)

A work of mine that resonates personally with me?

"Bending but never Breaking" (of course) and "everybody loves somebody sometimes". First one cuz it actually helped me deal with my own stuff going on, and the second because of the whole keeping everything in until you explode thing I'm gonna do to those ninjas (I still gotta continue this story and I will but. finding words is hard.)

ವರ್ಷದ ಕೊನೆಯ ತಿಂಗಳು ಮಾರ್ಚ್ ಬಂತೆಂದರೆ ಸಾಕು, ಎಲ್ಲೆಡೆ ಹಬ್ಬದ ಸಂಭ್ರಮಕ್ಕಿಂತ ಹೆಚ್ಚಾಗಿ ‘ಡೆಡ್‌ಲೈನ್’ಗಳದ್ದೇ ಸದ್ದು. ಹೌದು, 2025-26ರ ಹಣಕಾಸು ವರ್ಷ (Finance Tips) ಮುಕ್ತಾಯಕ್ಕೆ ಇನ್ನು ಕೆಲವೇ ದಿನಗಳು ಬಾಕಿ ಇವೆ. ಈ ಅವಧಿಯೊಳಗೆ ನೀವು ಕೆಲವು ಪ್ರಮುಖ ಹಣಕಾಸಿನ ಕಾರ್ಯಗಳನ್ನು ಪೂರೈಸದಿದ್ದರೆ, ಮುಂದಿನ ದಿನಗಳಲ್ಲಿ ದಂಡ ಪಾವತಿಸಬೇಕಾಗಬಹುದು ಅಥವಾ ತೆರಿಗೆ ವಿನಾಯಿತಿಯಿಂದ ವಂಚಿತರಾಗಬಹುದು. Finance Tips – ಪ್ರಮುಖ ಅಂಶಗಳು ಇಲ್ಲಿವೆ ಪ್ಯಾನ್ ಕಾರ್ಡ್ ನಿಯಮದಲ್ಲಿ ದೊಡ್ಡ…

When it comes to tax-saving investments, most people think of traditional options like PPF, LIC, or NSC. But in recent years, 80C mutual funds—better known as ELSS (Equity Linked Savings Scheme)—have become one of the most popular choices for investors who want both tax benefits and long-term growth. These funds combine the advantages of equity investing with the tax-saving benefits available under Section 80C.

What sets 80C mutual funds apart is their ability to create wealth over the long term. Since they are essentially equity-oriented mutual funds, they invest in a diversified portfolio of companies across sectors and market caps. This gives investors a chance to benefit from the growth of the equity market while still enjoying the tax deductions under Section 80C, up to ₹1.5 lakh per year.

Another major advantage is the lock-in period. With just a three-year lock-in—the shortest among all Section 80C options—80C mutual funds offer more flexibility compared to traditional instruments that often require five to fifteen years of commitment. This shorter lock-in allows investors to stay disciplined while still giving them quicker access to funds compared to other tax-saving avenues.

Investing through SIPs also makes these mutual funds attractive. A monthly SIP helps average out market volatility and keeps your tax-saving investments systematic and hassle-free. Over time, the power of compounding works in your favor, allowing even small monthly contributions to grow significantly.

However, like all equity investments, 80C mutual funds come with market risks. While long-term returns can be rewarding, investors should be prepared for short-term fluctuations. Evaluating fund performance, consistency, and the fund manager’s strategy becomes essential.