How To Make The Best Of ELSS For Saving Taxes And Meeting Your Long Term Goals
Investors India|November 2018

With few months left to save income tax for this financial year 2018-19, if one has not yet started one’s tax planning, no more procrastination is advised.

Sanjeev Puri
How To Make The Best Of ELSS For Saving Taxes And Meeting Your Long Term Goals

Spend some time to plan and select the right investment option to save tax rather than repent later by choosing a wrong one.

Of all the tax savers, equity mutual funds provide an efficient way to not only save tax but also create wealth over the long term. And, of the various mutual fund schemes, equity linked savings schemes popularly known as ELSS helps an investor reduce one’s taxable income by the amount invested and thereby reduces tax liability.

Importantly, link your investments in ELSS to a long term goal like children’s education, marriage, home buying or one’s own pension needs. Let us now see what ELSS schemes are and how they help in tax planning and cut your taxes for this financial year 2018-19.

What are they?

As the name of the scheme very clearly suggests, it is a savings scheme that’s linked to equity. Investment avenues for your savings can be a mix of various asset classes like equity, debt, gold, real estate etc. ELSS is a type of mutual fund, which similar to any diversified equity mutual fund routes investments into the equities.

Diese Geschichte stammt aus der November 2018-Ausgabe von Investors India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 2018-Ausgabe von Investors India.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS INVESTORS INDIAAlle anzeigen
Thematic Fund Or Sectoral Fund, Which Fund Suits You?
Investors India

Thematic Fund Or Sectoral Fund, Which Fund Suits You?

A thematic fund is a type of mutual fund that focuses on investing in companies based on specific themes or trends.

time-read
2 Minuten  |
October 2024
Be Kind To Your Kidneys
Investors India

Be Kind To Your Kidneys

The kidney is a vital organ in our body which is four inches long and two and a half inches in width.

time-read
5 Minuten  |
October 2024
Have You Included A Passive Fund In Your Portfolio Yet?
Investors India

Have You Included A Passive Fund In Your Portfolio Yet?

The assets under management (AUM) of passive funds recently crossed the Rs. 10 lakh mark. While a significant portion of this money comes from institutional investors, such as the Employees Provident Fund Organisation (EPFO), these funds are also gaining popularity among retail investors.

time-read
1 min  |
October 2024
Mutual Fund
Investors India

Mutual Fund

1. SEBI allows mutual funds to buy and sell credit default swaps (CDS)

time-read
4 Minuten  |
October 2024
Insurance News
Investors India

Insurance News

1. The finance minister has launched a new NPS scheme named NPS Vatsalya

time-read
1 min  |
October 2024
ASK THE EXPERT
Investors India

ASK THE EXPERT

Dear Sir, I attended your webinar on post-retirement financial planning. As advised by your good self, I invested in NPS after retirement.

time-read
3 Minuten  |
October 2024
Market Mystery: Some Important Investing Lessons from Fund Managers Themselves
Investors India

Market Mystery: Some Important Investing Lessons from Fund Managers Themselves

Mr. Mahesh Patil is the Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC Limited. As the CIO Mahesh oversees INR 3 lakh crore of assets under management.

time-read
6 Minuten  |
October 2024
How to make a cautious entry into equity funds during a bull market
Investors India

How to make a cautious entry into equity funds during a bull market

The number of mutual fund folios has been rising, with flows via the systematic investment plan (SIP) route reaching new highs.

time-read
4 Minuten  |
October 2024
All that you need to know to kickstart your retirement planning process
Investors India

All that you need to know to kickstart your retirement planning process

We all enjoy planning for the future. It’s a good idea to plan ahead of time for anything, from the day’s activities to a vacation.

time-read
5 Minuten  |
October 2024
5 Steps To Achieve Your Financial Goals
Investors India

5 Steps To Achieve Your Financial Goals

From a beach house, a Jaguar, to traveling the world – there are many things in life that we want to accomplish.

time-read
3 Minuten  |
September 2024