Is it a dream or reality? Many salaried pros wonder how to save tax & grow wealth. Let's uncover the truth about ELSS investments!
Equity Linked Savings Scheme (ELSS) offers up to ₹1.5L tax deduction under 80C. It invests in stocks with a short 3-year lock-in, offering high growth potential.
To turn a single ₹1.5L investment into ₹10L in 7 years, you need ~32.5% CAGR. This is highly ambitious and not a realistic expectation for consistent returns.
Invest ₹1.5L annually via SIP for 7 years (total ₹10.5L). At 15-20% CAGR, your portfolio can grow to ₹18L-₹23L! Consistent SIPs unlock true wealth.
The 3-year lock-in is the minimum. Don't redeem early! ELSS thrives on long-term compounding. Let your money grow like an avalanche, not just a snowball.
Look for consistent performance, experienced fund managers & low expense ratios. Avoid last-minute rush, chasing past stars, and ignoring long-term goals for ELSS.
Ready to build serious wealth? Use SIP calculators to visualize your goals and start a disciplined ELSS investment journey. Visit sipplancalculator.in now!