Panic about tax season? Discover how ELSS can help you save a significant amount on taxes annually, and what monthly SIP is needed to achieve it.
This saving applies to those in the 30% tax slab who maximize their ₹1.5 lakh Section 80C deduction. ₹45,000 tax + ₹1,800 cess = ₹46,800 saved!
To fully utilize the ₹1.5 lakh Section 80C limit, a monthly ELSS SIP of ₹12,500 is your target. Consistently invest this to hit your goal.
ELSS offers the shortest 3-year lock-in among 80C options. It invests in equities, providing dual benefits: tax relief and potential long-term wealth creation.
Look for consistency over flashy returns, a seasoned fund manager, and a reasonable expense ratio. Focus on long-term track record, not just past year's tops.
Don't make last-minute lump sum investments in March. Avoid redeeming right after 3 years; let it compound. Understand it's an equity product with market risks.
Ready to save tax and grow wealth? Use our powerful SIP calculators to find your perfect ELSS investment strategy. Visit sipplancalculator.in now!