MySIPonline Explains Why ELSS Funds Should Be Opted For

The equity mutual fund investors are cautious about losing money in the market while the smart investors are cautious about saving their money and investing more with a long-term perspective. The ELSS funds are ideal for the investors who wish to save on taxes while gaining the long-term returns over time. There are several other tax-saving instruments which are available for the investors through which they can save taxes and increase savings, but ELSS holds a different approach to the same. It not only helps in reducing the tax liability in the current year but also lets the investors gain capital appreciation through higher earnings which ultimately help in creating wealth.

MySIPonline which is one of the fastest growing online investing portals in India has been offering the best online services to the investors to make a buy of ELSS funds for their portfolio. It considers ELSS the safest and high-yielding investment plans in India which cater to the most important needs of the investors including tax savings and capital growth. Here we will let you know the reasons why MySIPonline and their entire team promote the ELSS investments to the investors.

1. Tax Efficiency - The most important factor which makes ELSS a must-have investment for one?s portfolio is the tax benefit that it offers. It provides the investors with the deduction under Section 80C whereby one can reduce the total taxable income by an amount of up to Rs.1.5 lakh in a financial year if they hold investments in ELSS schemes. Moreover, as these plans invest in the equity stocks and securities, the returns accumulated by the investors are further tax free. If you sell off these funds making a capital gain, that long-term capital gain on equities is also exempt from tax under the Indian tax regime. This way, these tax-saving mutual funds provide several benefits to the investors.

2. Lock-In Period - Pertaining to the performance of the mutual funds, they are high yielding in the long-term period only. Furthermore, they are also not bound by the lock-in period. But, in the case of equity linked savings scheme, the funds are locked-in for a period of three years due to which you are obligated to stay invested for at least three years to avail deduction and exemption on the income. This way, the investors build the habit of investing for a longer tenure, and further, the investors gain the advantage of earning capital growth as the fund managers get enough time to manage the funds adequately in order to grab the high-yielding opportunity in the market.

3. Inculcate the Saving Habit - The ELSS (Equity Linked Savings Scheme) lets you invest systematically through SIP with as small as Rs.500 per month. These small savings turn into an investment which is eligible to avail exemption under the Act. With this, the habit of continuous investing is nurtured in the investors. Since the investments in these schemes are made for three years, the returns generated by such schemes start after three years from your first SIP investment. Besides, such returns are exempted from tax in the hands of the investors.

4. Opportunity to Invest in Equity While Saving Taxes - Apart from saving taxes from ELSS, the investors earn exceptional profits as well through equity investments. Furthermore, there are several other benefits which an investor fetches that include the opportunity to be part of the equity investment. Where savings give you returns of around 8% in a year, investing in equities will let you earn substantial returns in the favourable situations in the market. In the rising Indian economy, the portfolios with equity funds shall reap great returns.

Due to the above reasons, the ELSS is intended to produce several benefits to the investors. MySIPonline is helping out the investors in buying the best ELSS schemes online without getting indulged in the hassles of investing. You must get in touch with them right away so that you don?t miss out the most beneficial ELSS investments in India. They have a support team which will assist you in the entire investment procedure, and you would be able to buy ELSS tax-saving plans so conveniently.

Company :-My SIP Online

User :- Poonam Sharma

Email :-support@mysiponline.com

Phone :-0294-302-2900

Mobile:- -

Url :- https://www.mysiponline.com/mutual-funds/elss