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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