Educational Video

19-09-2018;
Saving tax with Mutual Fund - ELSS
Wondering how to save tax and generate wealth through equity schemes? Here’s a Mutual Fund category which will help you save tax through your locked-in investment. Watch the video to understand how.

Key Benefits of ELSS

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Tax Efficient Returns
Avail tax benefits of up to Rs. 1.5 lakhs along with tax-free capital gains and dividend income (if applicable).

Flexibility
Invest in ELSS as per your flexibility and convenience by choosing from SIP or lump sum investment.

Wheel Effect
Reinvest capital in ELSS funds on completion of 3-year maturity period to avail additional tax benefits without fresh fund inflows.

Expert Management
Experienced professionals invest and manage your ELSS funds based on extensive market research to ensure returns.

Did you know? Investments in ELSS can give you higher returns like equity while saving tax too

Reckoner

Check out the top performing ELSS Schemes with our Ready Reckoner.

Script Name Value Research Rating Nav 1 Year
Return
3 Year
Return
5 Year
Return
Risk
SBI Magnum COMMA Fund
35.67 35.67% 35.67% 35.67% Moderately High Purchase
Birla Sun Life Equity Fund
35.67 35.67% 35.67% 35.67% High Purchase
SBI Magnum COMMA Fund
35.67 35.67% 35.67% 35.67% Moderately High Purchase
Birla Sun Life Equity Fund
35.67 35.67% 35.67% 35.67% High Purchase

Tax Benefits of Equity Linked Savings Schemes (ELSS)

Compare the tax benefits you stand to gain under different income brackets by investing in Equity Linked Savings Schemes (ELSS).

Your Taxable

Income

Amount invested in ELSS under section 80C

Tax before ELSS

investment

Tax after ELSS investmentTotal Savings*Tax Slab
5,00,000 1,50,000  12,500  5,000 7,725 5% of Income exceeding Rs. 2,50,000 and up to 5,00,000
8,00,000 1,50,000  72,500  42,500 30,900 20% of Income exceeding Rs. 5,00,000 and up to 10,00,000
12,00,000 1,50,000  1,72,500  1,27,500  46,350 30% of Income exceeding Rs. 10,00,000
15,00,000 1,50,000  2,62,500  2,17,500  46,350 30% of Income exceeding Rs. 10,00,000

*Education cess of 2% and Higher education cess of 1% is included

MF Return Calculator

Estimate your potential returns from a particular mutual fund based on SIP or lump sum investments made over your preferred time period in ELSS funds.


If I had made
investment of  
in
Months Ago
My investment would be worth 1,75,647.86 with a Gain of 76.19%

Rs. 1 Lac Invested would be worth
Fund Name 1 year
L&T Emerging Businesses Fund (G) 175,647.86
76.19%
S&P BSE Small-Cap 161,029.79
61.24%
Quant Small Cap Fund - (IDCW) Category Best 185,529.86
86.16%
NIFTY 124,713.97
24.79%
Did you know L&T Emerging Businesses Fund (G) has outperform Fixed Deposit , Gold & PPF in last 1 years.

Learn More

Visit our blog centre to learn more about Equity Linked Savings Scheme and to make informed investment decisions. 

What is the meaning of ELSS?

ELSS stands for Equity Linked Savings Scheme. These are tax-saving mutual funds that you can use to save income tax up to Rs 1.5 lakh under Section 80C. ELSS funds have a lock-in period of 3 years and invest a majority of their portfolio in the stock market.

How can I invest in ELSS funds?
You can invest in ELSS through HDFCsec via Mobile app/ mPowered trading site or through you RM. Investments can be made in lump sum, but the recommended way is through Systematic Investment Plans (SIP) that allows you to average your investment and save you from catching a market peak. Do remember t...
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Which is the best tax saving mutual funds?

Click here to view performing ELSS funds 

Are ELSS funds risky?

ELSS funds don’t have guaranted returns because they earn from investments in the equity market. However, the best performing funds have displayed the capability of generating inflation beating returns over the long-term. This is something that fixed income tax saving investments like PPF and FDs cannot do.

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