[Gujarati Club] ELSS.. Smart way to SAVE TAX ...

 

 
 
ELSS.. Smart way to SAVE TAX ... 
ELSS or Equity Linked Saving Schemes are best way to save taxes with just 3 yrs of lock-in period and offers tax benefit under Sec 80 C of the Income Tax Act. The long term capital gains earned on investments from ELSS schemes are also tax-free.
The main benefits of investing in ELSS schemes are:
·         Potential for capital appreciation through equity exposure
·         No tax on Capital Gains for investments made in these schemes
·         Dividends are tax free in the hands of the investor
·         Shorter lock-in period of 3 years compared to other tax saving instruments
·         3 year lock-in period tends to minimize volatility
·         Allows regular investments of small amounts through the SIP route
·         Historically, equity linked savings schemes have provided better tax efficient returns as compared to other tax saving instruments over longer period
Performance Snapshot of Select ELSS Schemes*
Fund Name
 AUM
(In crs)
Return (%)
1Y
3Y
5Y
SI
L&T Tax Advantage Fund
2,989
21.99
13.37
19.50
15.26
DSP BlackRock Tax Saver Fund
3,905
13.94
12.17
20.15
14.55
Aditya Birla Sun Life Tax Savings Fund
26
24.19
11.90
18.86
15.01
HDFC Long Term Advantage Fund
1,583
17.32
11.75
18.05
22.70
Aditya Birla Sun Life Tax Plan
683
24.20
11.67
21.49
12.51
Aditya Birla Sun Life Tax Relief 96
5,032
24.59
11.21
20.31
11.89
Sundaram Diversified Equity
2,632
14.62
10.92
16.61
13.47
Reliance Tax Saver (ELSS) Fund
10,345
13.80
9.02
21.88
15.53
Axis Long Term Equity Fund
16,161
20.53
8.96
22.71
18.63
ICICI Prudential Long Term Equity Fund (Tax Saving)
5,034
11.16
8.51
18.31
21.10
HDFC Taxsaver Fund
7,017
12.63
8.22
16.98
19.87
Franklin India Taxshield
3,437
11.05
8.15
18.18
23.43
Principal Personal Taxsaver
310
13.81
7.92
15.36
14.51
Canara Robeco Equity Taxsaver
857
16.35
6.91
15.06
21.33
SBI Magnum Tax Gain Scheme 93
6,431
12.87
6.91
16.80
11.17
 
For more details Contact :
Nikhil - 9819755658 / 8850898684
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Posted by: nikhil vadia <nikvadia@yahoo.com>
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