Tax saving or a wealth creation myth? We're diving deep into ELSS to demystify its potential. Let's see what's truly possible for your hard-earned money!
ELSS (Equity Linked Savings Scheme) offers dual benefits: save up to ₹46,800 in tax (30% bracket) under 80C, AND invest in equities with the shortest 3-year lock-in among 80C options!
Turning a single ₹1.5L ELSS investment into ₹5L in 3 years requires ~49% CAGR – highly improbable. Realistic ELSS returns (12-20% CAGR) would grow ₹1.5L to ₹2.28L - ₹2.59L.
The magic happens with SIPs! Invest ₹1.5L annually for 3 years (total ₹4.5L). With 15% CAGR, your portfolio could comfortably exceed ₹5L. Consistency & compounding are key!
Choose funds with consistent performance & experienced managers. Look for lower expense ratios. Diversify, stick to reputable fund houses, and don't chase last year's top returns.
Don't just use ELSS for tax saving; let it grow post-lock-in! Avoid last-minute lump sums. Don't over-diversify & always be aware of market risks. Early SIPs are best!
Unlock your wealth potential today! Use our free SIP calculators to visualize your investment growth and plan your tax-saving journey. Tap to calculate now!