The financial year-end panic is real! Don't scramble for tax savings. Discover how ELSS funds can help you save tax and build serious wealth for 2024.
ELSS (Equity-Linked Savings Schemes) offer Section 80C deductions up to ₹1.5 lakh. They are equity mutual funds, meaning market-linked growth with India's shortest 3-year lock-in!
Don't chase 1-year returns; look for consistent 3-7 year performance. Evaluate fund manager stability, a low expense ratio (direct plans!), and a reputable fund house. Consistency is key!
Opt for SIPs to average costs and reduce stress. Align with your moderate-to-high risk profile. The 3-year lock-in is just the start—stay invested longer for true wealth creation!
Don't choose solely on past returns. Understand the 3-year lock-in. It's a wealth creator first, tax saver second. Avoid panic selling during market dips; they can be opportunities!
SIP or lump sum? Both! After 3 years, you can redeem or let it grow. Gains over ₹1 lakh are taxed 10% LTCG. One or two well-chosen ELSS funds are generally enough for diversification.
Don't wait till the last minute! Calculate your ideal monthly SIP to hit that ₹1.5 lakh 80C limit comfortably. Use our free SIP Calculator now: sipplancalculator.in/sip-calculator/