ELSS Funds: Your Shortcut to Tax Savings & Wealth Growth

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Invest Smartly The Ultimate Guide to ELSS Funds
and Tax Planning
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When it comes to investment options that save
taxes, Equity Linked Savings Schemes (ELSS) are a
particularly attractive option because they offer
both tax advantages and the possibility of
building wealth. A regular return, tax savings,
wealth generation, and/or regular returns are
what investors seek out in investment
opportunities.
Investors who want to do tax planning and are
looking for tax saving funds can get in touch
with us at 7834834444.
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• Features of ELSS Mutual Funds
• The following are some crucial characteristics of
  ELSS funds
• Equity and equity-related instruments account for
  at least 80 of the entire corpus that can be
  invested.
• The fund makes diversified equity investments
  across a range of market capitalizations,
  industries, and themes.
• However, there is a lock-in period of three
  years.
• The invested amount is tax-exempt under Section
  80C of the Income Tax Act.
• Income is treated as long-term capital gains and
  is governed by the present tax legislation.

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How Do ELSS Mutual Funds Work? The Equity Linked
Savings Plan includes a variety of equity funds.
The main asset class of these funds is listed
company stock. The stocks are selected from a
variety of industries and market capitalizations,
including large, mid, and small caps. The
long-term goal of these funds is to maximize
capital appreciation. After completing extensive
market research, the fund manager selects stocks
in order to provide the best risk-adjusted
portfolio returns.
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What are the Tax Benefits of ELSS funds? Section
80C of the Income Tax Act of 1961 provides tax
benefits for investments made in an ELSS fund.
There is no cap on the total amount that can be
invested, but the IT Act permits a tax deduction
of up to Rs. 1.5 lakh. One can reduce their
annual tax liability by up to ?46,800 by putting
this money into an ELSS.
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• What are best elss to invest in 2024?
• Heres a list of the best ELSS funds for
  investors who might want to invest.
• Quant ELSS Tax Saver Fund
• HDFC ELSS Tax saver
• Bandhan ELSS Tax saver Fund
• SBI Long Term Equity Fund
• Motilal Oswal ELSS Tax Saver Fund
• Bank of India ELSS Tax Saver Fund
• Nippon India Tax Saver (ELSS) Fund
• Franklin India ELSS Tax Saver Fund
• Parag Parikh ELSS Tax Saver Fund
• DSP ELSS Tax Saver Fund

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What are the Risks and Considerations of Elss
Funds? Market Risks ELSS funds are subject to
changes in the market. Investment values can
increase or decrease in response to the
performance of the equity markets. Exit
Load Certain funds might impose exit loads on
redemptions done prior to the end of a specified
period. The funds exit load structure is
something that investors need to know. Tax
Implications Even though ELSS investments have
tax advantages, capital gains tax is applied to
the returns.
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Final thoughts! ELSS Funds have a special
three-year lock-in period and function as
tax-saving tools. They offer potential tax
benefits along with exposing investors to the
equity market. However, before adding ELSS funds
to their portfolio, they can get in touch with us
at 7834834444 to avail themselves of the best
ELSS funds.
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Disclaimer Remember that the information above
does not imply that RKFS recommends any specific
other mutual fund rather, it is provided solely
for educational purposes. We accept no
responsibility for any funds acquired or
purchased as a result of investing in any of the
aforementioned plans.