Staring at tax forms? Discover how a ₹1.5 lakh ELSS investment can save you big on taxes and build wealth. Let's break it down, simply!
Investing ₹1.5L in ELSS mutual funds qualifies for maximum Section 80C deduction. Your actual tax savings depend on your income tax slab. It's not a flat number!
20% Slab: ₹1.5L ELSS saves ~₹31,200 (including cess). 30% Slab: ₹1.5L ELSS saves ~₹46,800 (including cess). That's money back in your pocket!
ELSS isn't just for tax breaks. With a 3-year lock-in, it's a powerful equity investment that compounds your money over time. Save tax, grow wealth!
Look for funds with a consistent track record (3-5+ years), lower expense ratios (direct plans are best!), and a clear investment style. Don't overthink it, just pick and start!
Don't make last-minute investments in March. Avoid chasing past returns blindly. Always align your ELSS with broader financial goals & remember the 3-year lock-in!
Ready to visualize your ELSS returns? Use our SIP calculator to map out your wealth creation. Start investing smart today! Visit sipplancalculator.in