Returns are linked to stock market and are tax-free
Equity Linked Savings Schemes (ELSS) is a mutual fund investment that reduces your taxable income by ` 1,50,000. With a minimum lock-in period of just 3 years, ELSS has the potential to earn higher returns than most other tax-saving options as most of the portfolio is invested in the stock market.
ELSS MF Schemes vs other Tax Saving Schemes
ELSS
Tax-saving FD
ULIP
NSC
PPF
EPF
Lock-in period
3 years
5 years
5 years
5 years
15 years
Till termination of employment
Taxation aspect
Capital gains are taxable post 1 Lakh
Interest is taxable as per your IT slab
Maturity/claims proceed are tax-free
Interest is taxable as per your tax-slab
Interest is tax-free
Interest is tax-free^^
Returns (p.a.)
Market-linked#
7% to 9%
Market-linked
5.9%
6.4%
8.5%
Lock-in period
Taxation aspect
Returns (p.a.)
ELSS
3 years
Capital gains are taxable post 1 Lakh
Market-linked#
Tax-saving FD
5 years
Interest is taxable as per your IT slab
6.0%^
ULIP
5 years
Maturity/claims proceed are tax-free
Market-linked
NSC
5/10 years
Interest is taxable as per your tax-slab
5.9%
PPF
15 years
Interest is tax-free
6.4%
EPF
Till termination of employment
Interest is tax-free^^
8.5%
# Return in market linked ELSS have been very good since inception. you are advice to check our ELSS return table before investing.
www.investmentindia.in is an online website of V2U FINANCIALS who is registered vide ARN- 92004 as a AMFI Registered Mutual Fund Distributor. The said website is intends to provide educative and informative details related to investments. We do not charge any fees for these calculators and information, because we earn our commissions from the Mutual Fund companies. The website does not guarantee any returns or financial goal success by any means.
For any Grievance please contact to Mr. Dinesh Gandhi (Phone: 9971301172).