Mon, Nov 25, 2024
Compare ELSS SIP, SBI FD, and SCSS to discover which offers the highest returns on a Rs 5 lakh investment. Understand their features, tax benefits, and maturity values for smart financial planning.
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Fri, Jun 14, 2024
Equity Linked Savings Scheme (ELSS) is a category of equity mutual funds, where you get returns on your investments and tax benefits under Section 80C of the Income Tax Act, 1961. ELSS is different from many other mutual funds as there is a lock-in period of three years. The category has given a 39.62 per cent return in the one year, 19.11 per cent return in the three years, and 18.92 per cent return in the three-year period (As per Value Research data).
Tue, Jan 10, 2023
Budget 2023 and tax deduction under 80C: The lock-in period in DLSS should be three years just like in the case of ELSS.
Wed, Jun 22, 2022
ELSS Vs Gold Mutual Fund: ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes. One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. whereas, gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500.
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