How much to invest for ₹1.5 lakh deduction? Uncover smart strategies to save tax & build wealth efficiently.
Equity-Linked Savings Scheme. Save up to ₹1.5 Lakh under 80C with the shortest 3-year lock-in! Offers market growth potential alongside tax benefits.
The ₹1.5 Lakh 80C limit is for ALL eligible investments (EPF, LI, Home Loan, Tuition). Don't blindly invest the full amount in ELSS without checking.
Subtract your existing 80C contributions (EPF, Life Insurance, Home Loan Principal, Tuition Fees) from the ₹1.5 Lakh limit. This is your ELSS gap!
The 3-year lock-in fosters long-term thinking, preventing impulsive sells. It harnesses compounding & market growth, turning tax savings into significant wealth.
Look for consistent performance (3-10 yrs), a clear fund manager philosophy, and reasonable expense ratios. Avoid chasing hot funds. SIPs are ideal for planning.
Maximize tax savings and achieve your financial dreams! Use our SIP Calculators to plan your investments strategically. Visit sipplancalculator.in today!