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Invest in Equity Linked Savings Scheme (ELSS) Mutual Funds
Reliance Tax Saver (ELSS) Fund
RELIANCE MUTUAL FUND - ELSS - INVESTOR EDUCATION
Industry Performance v/s ELSS Performance
| Investment Option | Lock-in Period | Returns |
Tax status
on returns |
| Public Provident Fund | 15 Years | 8.10% | Tax-free |
| National Saving Certificate | 5/10 Years | 8.10% | Taxable |
| Bank Tax Saving Fixed Deposits | 5 Years | 7.0% | Taxable |
| Average Industry Equity Linked Saving Scheme | 3 Years | 16.64%* | Tax-free |
ELSS (Equity Linked Savings Schemes) schemes allow investors to claim up to Rs. 1,50,000 under secion 80C of Income Tax.
ELSS products stand out among all the other tax saving options, given its potential for superior Wealth Creation in addition to the taxation benefits.
Also the entire proceeds are tax-free after the completion of 3 year lock-in period.
You can save tax upto Rs. 46,350 per year by investing in ELSS funds subject to the following:
Individual and HUF having taxable income of less than Rs. 1 crore can claim a deduction of upto Rs. 1.5 lakhs under the ELSS scheme during the FY 2016-17 as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investments.
Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes.
Apart from the immediate year tax benefits, the entire proceeds are tax free after a lock-in period of 3 years.
The last 3 year CAGR average industry returns for ELSS category are 16.64%*. The returns earned are Tax Free.
An Investor Education initiative by Reliance Mutual Fund
*Source: 3 years CAGR returns as on December 30th, 2016 - from CRISIL. The above comparison has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a guarantee of any minimum returns. ELSS invests in equity and there is no capital protection guarantee or assurance of any return in mutual fund investment. Kindly consult your financial advisor before investing. Past performance may or may not be sustained in future.