Meet Raj Mehta, a young professional working with a multinational IT company. While sipping his coffee and checking his emails one morning, a message from the Human Resource Department caught his eye. It was a notice – a reminder for submitting his investment proofs under Section 80 C. Faced with the familiar options of Public Provident Fund (PPF), fixed deposits, ULIP and such tax-saving investment channels, Raj felt that it was time to explore more options. And that is how he stumbled upon the Equity Linked Saving Scheme (ELSS). As he delved into the domain of ELSS, he discovered that it was not just another tax-saving instrument but something quite different from the rest.
The biggest factor in favour of ELSS is that it has the shortest lock-in period of just three years. Unlike the 15-year commitment of PPF or five years for fixed deposits, ELSS provides the freedom to access funds sooner. It’s like having a superhero that responds to your call without making you wait. Then comes the second best part: the potential for significantly higher returns. Traditional options may offer guarantees, but they struggle to keep up with inflation. ELSS, fuelled by the dynamism of the stock market, has the potential for robust growth. It’s like having a superhero that not only saves but also multiplies your wealth. And the ultimate perk? The first ₹1 lakh of ELSS returns are completely tax-free.
この記事は Dalal Street Investment Journal の January 29, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Dalal Street Investment Journal の January 29, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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