How Much Should Salaried Professionals Invest?
Equity Linked Savings Scheme. Invest up to ₹1.5L under Section 80C to save tax. It primarily invests in equities, offering potential for market-linked growth.
ELSS offers the shortest lock-in (3 years) among 80C instruments. Unlike PPF or FDs, it's not just tax saving; it's wealth building through equity exposure, putting your money to work.
The ideal ELSS amount is personal, not just the ₹1.5L limit. Consider your income, tax bracket, risk tolerance, overall asset allocation, and financial goals for a perfect fit.
Avoid last-minute lumpsums. Invest via SIPs for discipline and rupee-cost averaging. Choose funds with consistent track records. True wealth creation often takes 5-10+ years.
Don't rush at year-end. Don't redeem right after lock-in; review performance. Link ELSS to your long-term goals like retirement or education, not just annual tax saving.
Ready to see your money grow? Use our SIP, Goal SIP, or SIP Step-Up Calculators at sipplancalculator.in to plan your ELSS investments strategically for your financial goals!