Top ELSS Mutual Funds for SIP

Got some Money in hand, be ready its time to pay Taxes. Everyone feels tax is an axe on their income and wondering around to find some TIPS to save it. In India, government have came up with amazing scheme. Its called SAVE TAX for WEALTH CREATION - Deduction under Income Tax Section 80C.

How to save income tax under section 80C - ELSS

There are various options to save income tax under section 80C. But, today we will discuss on the Best Tax Saving Option : Equity Linked Saving Scheme or ELSS. An equity linked savings scheme (ELSS) is an equity mutual fund which invests at least 80% of its total assets in equity and equity-related instruments. Note: Return on ELSS are presently taxed under LTCG (Check Mutual Fund Offer Documents and Income Tax notifications before investing).

Why ELSS is Best Tax Saving Option ?

Tax saving - ELSS helps you to save tax upto ₹46,800 based on your tax bracket. I would personally recommend to start investing in ELSS the day your salary become taxable. You already have PF as debt investment. So additional PPF may not be required.
Equity for Beginners - As beginner we all are excited about equity but as soon as volatility entries our portfolio we start moving to debt. But, lock-in period help us learn patience and create long term compounding generating higher returns (based on market conditions).
Lowest lock-in period - Investing for quick liquidity. ELSS has lowest lock-in of 3 years, within other available tax saving options.
Best for Last Minute Investors - Need instant Investment Proof : ELSS are just for YOU 😊
Planning for Systematic Investment (SIP) - ELSS might be your most convenient and tax efficient option.