Indian Money Review - 5 Things You Should Know Before Investing In an ELSS
Equity linked savings schemes popularly called ELSS, is an
investment-cum-tax saving scheme in India. In ELSS, most of your money is invested in
stocks. It is a good way to get exposure to equity
markets.
In an ELSS, the fund manager chooses the best Companies to
invest, especially those which enjoy good growth. ELSS not
only offers high returns, it also gives tax benefits under Section 80C. Indian Money Bangalore You get a tax deduction up to Rs 1.5
Lakhs a year.
Let’s take a look at the 5 things you should know
before investing in ELSS. Want
to know more on ELSS? We at Indian Money review will make it
easy for you. Just give us a missed call on 022 6181 6111 to explore our unique
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5 Things You Should Know Before Investing In An ELSS
ELSS is
an equity diversified mutual fund which invests most of your money in stocks
across sectors. ELSS grows wealth and you enjoy tax benefits. ELSS is one of
the faster ways to grow rich.
Always invest in an ELSS scheme which has a five star
rating. Select an ELSS with low expense ratio to maximize returns. Expense
ratio is the sum total of all charges in a mutual fund. A good ELSS could give
11-14% returns over a 3-year period. It’s even more over a 5 year period.
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