Sqrrl- Mutual Funds

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SQRRL Fintech

• Best Mutual fund app

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Why Choose ELSS As Your First Mutual Fund?

• Are you planning to invest but don't know what to
  choose as your first fund? Well, we have got you
  the answer. The first category you should choose
  is ELSS mutual fund or Equity Linked Savings
  Scheme Mutual Fund.
• Here are some of the reasons that will show you
  why ELSS should be your First Mutual Fund
• 1.     You save up to Rs. 46,800 in taxes each
  year
• This is correct! When you choose ELSS mutual
  fund as your first investment, you can claim the
  amount invested as a deduction under section 80C.
  This reduction decreases your taxable income, and
  hence you pay less tax.
• Though, there is a limit you can claim up to
  Rs. 1.5 lakh every financial year, which is also
  the limit of 80c. Therefore your entire tax
  saving can be done by investing in these funds.

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Mutual Funds
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2.     You no longer have to pick between
reducing tax and investing for the future

• Choosing between reducing tax burden or invest it
  for long term goals is a huge dilemma. While
  conventional tax saving choices like PPF and NSC
  help you save tax but returns hardly beat
  inflation.
• Whereas ELSS Mutual Fund, over the long-term
  provides returns that defeat inflation in a
  breeze, thanks to the potential of equities. Not
  just that, it also helps you track your
  investment in ELSS funds to your long term goals
  like foreign tour or childs education, even
  retirement.
• 3.    You have the option to put money every
  month
• The third benefit of ELSS mutual fund is, it
  provides you the versatility to invest through a
  systematic investment plan (SIP).
• SIPs enable you to invest a fixed amount every
  month in the ELSS Mutual Fund according to your
  preference. A SIP teaches the saving habit and
  presents a sense of obedience to you.

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Thanks for Watching Us

• For more information visit our online portal
  https//sqrrl.in/
• Contact us on 7840877775
• Email us on support_at_sqrrl.in