#savingfunds

That is correct! The amount you invest in an ELSS mutual fund may be deducted from your income under Section 80C. You pay less tax as a result of this deduction because it lowers your taxable income. There is a cap, though—you may only claim up to Rs. 1.5 lakh per fiscal year, which also happens to be the 80C cap. Thus, investment in these funds will result in total tax savings. The lock-in period for the ELSS mutual fund is 3 years, which is the finest aspect. Of all the tax-saving choices, that lock-in period is the shortest. so that you can access your money more quickly.

That is correct! The amount you invest in an ELSS mutual fund may be deducted from your income under Section 80C. You pay less tax as a result of this deduction because it lowers your taxable income. There is a cap, though—you may only claim up to Rs. 1.5 lakh per fiscal year, which also happens to be the 80C cap. Thus, investment in these funds will result in total tax savings. The lock-in period for the ELSS mutual fund is 3 years, which is the finest aspect. Of all the tax-saving choices, that lock-in period is the shortest. so that you can access your money more quickly.

ELSS offers many advantages over traditional tax-saving options like Term Deposits, ULIPs, PPF etc. In comparison to other tax-saving plans, they have the shortest lock-in time and higher growth potential of equities. Investing in ELSS is very easy as you can invest in lumpsum as well as through SIP with as little as Rs 1000. Additionally, through SIP you have the flexibility of investing Rs 12,500 monthly rather than Rs 1.5 lakh all at once if you wish to receive the entire tax benefit for investing in these funds.

ELSS offers many advantages over traditional tax-saving options like Term Deposits, ULIPs, PPF etc. In comparison to other tax-saving plans, they have the shortest lock-in time and higher growth potential of equities. Investing in ELSS is very easy as you can invest in lumpsum as well as through SIP with as little as Rs 1000. Additionally, through SIP you have the flexibility of investing Rs 12,500 monthly rather than Rs 1.5 lakh all at once if you wish to receive the entire tax benefit for investing in these funds.

Are you looking for tax-saving funds? RR Finance Company to Invest in ELSS Mutual Funds By investing in ELSS mutual funds, you can get a tax rebate of up to Rs. 1,50,000 and tax savings of up to Rs. 46,800* annually. The key advantages of ELSS mutual funds are that they offer tax benefits and the growth potential of equities at the same time.

Tax Saving Funds or ELSS (Equity Linked Savings Scheme) are mutual fund schemes that provide tax deductions U/S 80C of the Income Tax Act of 1961 . By investing in ELSS mutual funds you can get tax rebate of up to Rs. 1,50,000 and tax savings of up to Rs. 46,800* annually. The key advantages of ELSS Mutual funds are that they offer tax benefits and growth potential of the equities at the same time.

These funds do not have any specific percentage reserved for equity or debt. They change the allocation dynamically and can go to 100% debt from 100% equity or vice versa. A fund that gives you freedom from managing equity and debt allocation manually during market ups and downs, giving you balanced growth. Capital appreciation while generating income over the medium to long term. Investment in equity and equity-related instruments as well as debt and money market instruments while managing risk through active asset allocation.

Visit RR Finance, If you want to invest your money, here are the best investment schemes to help you save for your future financial goal. Based on your investment goals, an advisor may first recommend an asset class and then endorse schemes essential for your financial plan to succeed.