Table of Contents
ELSS vs Tax Saving FD
Equity Linked Savings Scheme or ELSS
Equity linked savings scheme or ELSS is the only Mutual Fund eligible for 80C deductions. ELSS is a diversified equity mutual fund that offers tax deductions up to Rs. 1.5 lakhs annually under Section 80C of Income Tax Act (IT Act 1961).
Prior to the introduction of Feburary Budget 2018, its returns were completely tax-free. However, now it is subject to 10% long-term capital gains tax if your capital gains exceed Rs. 1 lakh after one year. Even after the 10% tax cut, ELSS has the potential to deliver superior returns compared to other tax-saving instruments. The perks of ELSS investments are not limited to the taxes saved. The Power of Compounding ensures that your investment is doubled if you invest for, say, 5 years (tenure of tax-saving FD). To add to that, the minimum lock-in period is only 3 years.
Tax Saving Fixed Deposits
Investing money in Fixed Deposits with banks allows individuals and HUFs to claim a tax deduction of up to ₹1,50,000 in a financial year. These deposits have a lock-in period of 5 years. You, however, cannot withdraw this deposit prematurely. But you can avail loans against your FDs at competitive rates. The interest earned on these deposits, however, is taxable marginal rate of tax (as per the tax bracket) of the individual.
Highlights of Tax Saver FD
Let us look at the key highlights of the tax saver FD -
- Only individuals and members of Hindu undivided family (HUF) can invest in the tax saving FD scheme
- The minimum investment amount of the tax saver FD varies from bank to bank
- The lock-in period of the tax saving FD is five years
- You can get tax deductions up to INR 1,50,000
- There is no provision for premature withdrawal
- You cannot apply for loan against these tax saver FD
- Investment in these tax saver FDs can be done in any private or public sector bank (except co-operative and rural banks)
- Investment made in Post Office Time Deposit for the period of over five years also qualifies as tax saving FD
- You can transfer the Post Office FD from one Post Office to another
- The interest earned from this type of FD is taxable and will be deducted from the source
- Tax saving deposit account can be opened individually as well as jointly.
- In case of a joint account, the tax benefit will be enjoyed by the first holder of the joint account
Talk to our investment specialist
ELSS vs FD - Comparison
Here is a quick overview of the of the differences between ELSS and Tax Saving FDs over various parameters:
| Parameter | FD | ELSS |
|---|---|---|
| Tenure | 5 Years Lock-in | 3 years Lock-in |
| Returns | 7.00 - 8.00 % (Compounded Annually) | No Assured Divividend / Return as it market linked generally around 16 - 17% per annum |
| Min. Investment | Rs. 1000 | Rs. 500 |
| Max. Investment | No Upper Limit | No Upper Limit |
| Amount Eligible for Deduction under 80c | Rs. 1.5 Lakhs | Rs. 1.5 Lakhs |
| Taxation for Interest/return | Interest Taxable | Gains up to INR 1 lakh are free of tax. Tax at 10% applies to gains above INR 1 lakh |
| Safety/Ratings | Safe | Bit Risky |
| liquidity | You cannot withdraw tax saving FD before 5 years | You may exit or withdraw ELSS after 3 years. |
| Online option | Not all banks offer an online facility to open an FD | One can start an ELSS online – as a lump sum or SIP |
Top ELSS Mutual Funds FY 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Canara Robeco Equity Tax Saver Growth ₹65.32
↑ 0.58 ₹941 12 -4.8 -0.4 6 7 10.7 Mirae Asset Tax Saver Fund Growth ₹17.503
↑ 0.11 ₹3,184 19.9 -8.9 -0.9 5.8 14.1 BOI AXA Tax Advantage Fund Growth ₹53.74
↑ 0.58 ₹256 10.8 -3.6 7.4 4.8 6.9 14.6 Invesco India Tax Plan Growth ₹49.46
↑ 0.29 ₹930 14.1 -8.1 -1.5 4.4 6.8 9.4 Aditya Birla Sun Life Tax Relief '96 Growth ₹30.24
↑ 0.21 ₹9,371 15.2 -6.6 0.4 3 7.1 4.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 Jul 20
*Below is the list of funds having AUM between 100 - 15000 Crore & having fund age of 3 Years of above. Based on 3 Year Performance.
(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,
20% debt and money market securities Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Tax Relief '96 Returns up to 1 year are on 1. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 17.8% since its launch. Ranked 36 in ELSS category. Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (09 Jul 20) ₹65.32 ↑ 0.58 (0.90 %) Net Assets (Cr) ₹941 on 30 Apr 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio -0.2 Information Ratio 0.39 Alpha Ratio 7.4 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹9,892 30 Jun 17 ₹11,701 30 Jun 18 ₹12,928 30 Jun 19 ₹14,595 30 Jun 20 ₹13,654 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jul 20 Duration Returns 1 Month 6.2% 3 Month 12% 6 Month -4.8% 1 Year -0.4% 3 Year 6% 5 Year 7% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 0.75 Yr. Cheenu Gupta 12 Mar 18 2.3 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 23.35% Health Care 16.87% Basic Materials 12.58% Consumer Defensive 11.19% Technology 8.99% Consumer Cyclical 8.09% Energy 5.21% Industrials 4.91% Communication Services 4.3% Asset Allocation
Asset Class Value Cash 4.39% Equity 95.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹72 Cr 1,039,500
↑ 350,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹53 Cr 1,611,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB5% ₹49 Cr 206,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006965% ₹48 Cr 235,330
↑ 44,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE5% ₹48 Cr 330,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹46 Cr 488,184
↑ 150,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 20 | BHARTIARTL4% ₹40 Cr 722,000 Cblo
CBLO | -4% ₹34 Cr Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 20 | 5001243% ₹27 Cr 66,000 Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | 5000963% ₹27 Cr 569,000 2. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 13.1% since its launch. Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (09 Jul 20) ₹17.503 ↑ 0.11 (0.62 %) Net Assets (Cr) ₹3,184 on 30 Apr 20 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.29 Information Ratio 0.92 Alpha Ratio 5.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 16 ₹10,738 30 Jun 17 ₹14,490 30 Jun 18 ₹15,973 30 Jun 19 ₹17,924 30 Jun 20 ₹16,619 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jul 20 Duration Returns 1 Month 9% 3 Month 19.9% 6 Month -8.9% 1 Year -0.9% 3 Year 5.8% 5 Year 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 2010 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 4.51 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 35.16% Industrials 10.15% Consumer Defensive 9.94% Technology 9.86% Energy 9.59% Basic Materials 7.33% Consumer Cyclical 6.76% Utility 4.06% Health Care 4.04% Communication Services 1.55% Asset Allocation
Asset Class Value Cash 1.48% Equity 98.52% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹297 Cr 3,120,722 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE8% ₹247 Cr 1,686,376 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY5% ₹160 Cr 2,318,557
↑ 415,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹156 Cr 4,689,412
↑ 450,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹126 Cr 3,275,766 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹113 Cr 575,179 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹106 Cr 1,133,630 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC3% ₹87 Cr 521,998 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC3% ₹86 Cr 4,378,461 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI3% ₹83 Cr 147,092 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (09 Jul 20) ₹53.74 ↑ 0.58 (1.09 %) Net Assets (Cr) ₹256 on 30 Apr 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.1 Information Ratio 0.49 Alpha Ratio 16.42 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹9,871 30 Jun 17 ₹11,962 30 Jun 18 ₹14,058 30 Jun 19 ₹13,463 30 Jun 20 ₹13,523 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jul 20 Duration Returns 1 Month 6.8% 3 Month 10.8% 6 Month -3.6% 1 Year 7.4% 3 Year 4.8% 5 Year 6.9% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 0.96 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 22.72% Health Care 18.94% Basic Materials 16.83% Consumer Defensive 10.53% Industrials 6.67% Communication Services 4.87% Consumer Cyclical 4.73% Energy 4.61% Technology 3.18% Utility 1.19% Asset Allocation
Asset Class Value Cash 5.73% Equity 94.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹14 Cr 149,567
↓ -6,380 Cblo
CBLO | -6% ₹14 Cr Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹11 Cr 78,080
↑ 13,660 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004884% ₹11 Cr 6,556 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL4% ₹11 Cr 192,754
↑ 42,382 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹10 Cr 63,294 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹9 Cr 39,233
↑ 1,554 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹9 Cr 69,816
↑ 5,765 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹7 Cr 213,780
↓ -10,646 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Nov 18 | 5008203% ₹6 Cr 38,591
↓ -5,380 4. Invesco India Tax Plan
CAGR/Annualized return of 12.5% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (09 Jul 20) ₹49.46 ↑ 0.29 (0.59 %) Net Assets (Cr) ₹930 on 30 Apr 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.26 Information Ratio 0.36 Alpha Ratio 5.69 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,296 30 Jun 17 ₹12,053 30 Jun 18 ₹14,054 30 Jun 19 ₹14,568 30 Jun 20 ₹13,535 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jul 20 Duration Returns 1 Month 5.7% 3 Month 14.1% 6 Month -8.1% 1 Year -1.5% 3 Year 4.4% 5 Year 6.8% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% 2010 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 2.26 Yr. Dhimant Kothari 29 Mar 18 2.26 Yr. Data below for Invesco India Tax Plan as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 33.42% Consumer Cyclical 11.32% Technology 9.57% Energy 9.31% Consumer Defensive 8.93% Health Care 6.83% Communication Services 5.12% Basic Materials 3.75% Industrials 3.53% Utility 2.8% Asset Allocation
Asset Class Value Cash 5.42% Equity 94.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹85 Cr 896,967
↑ 24,248 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE9% ₹85 Cr 582,815
↓ -26,164 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹65 Cr 393,199
↓ -19,540 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹65 Cr 941,554 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹58 Cr 1,751,256
↑ 83,937 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹46 Cr 376,013 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006965% ₹44 Cr 214,739
↑ 65,230 Triparty Repo
CBLO/Reverse Repo | -4% ₹37 Cr Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹34 Cr 620,572
↑ 41,466 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI3% ₹26 Cr 46,107 5. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 9.4% since its launch. Ranked 4 in ELSS category. Return for 2019 was 4.3% , 2018 was -4.5% and 2017 was 43.2% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (09 Jul 20) ₹30.24 ↑ 0.21 (0.70 %) Net Assets (Cr) ₹9,371 on 30 Apr 20 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.38 Information Ratio 0 Alpha Ratio 1.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,553 30 Jun 17 ₹12,798 30 Jun 18 ₹14,602 30 Jun 19 ₹14,522 30 Jun 20 ₹13,814 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Jul 20 Duration Returns 1 Month 6.6% 3 Month 15.2% 6 Month -6.6% 1 Year 0.4% 3 Year 3% 5 Year 7.1% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2019 4.3% 2018 -4.5% 2017 43.2% 2016 3.4% 2015 9.2% 2014 54.6% 2013 9.1% 2012 36.6% 2011 -29.6% 2010 13.5% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 13.76 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 19.99% Health Care 18.01% Basic Materials 13.9% Industrials 13.08% Energy 10.04% Consumer Defensive 7.91% Consumer Cyclical 7.65% Technology 5.96% Asset Allocation
Asset Class Value Cash 3.36% Equity 96.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE10% ₹922 Cr 6,293,907 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171749% ₹818 Cr 302,981 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER8% ₹743 Cr 1,840,052
↑ 20,655 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC7% ₹684 Cr 4,124,687
↑ 236,000 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062857% ₹672 Cr 1,250,980 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006605% ₹497 Cr 3,632,730
↑ 50,054 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE5% ₹427 Cr 886,417 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹363 Cr 2,962,934 Johnson Controls - Hitachi Air Conditioning India Ltd (Technology)
Equity, Since 28 Feb 15 | 5233983% ₹310 Cr 1,272,527
↑ 4,329 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT3% ₹282 Cr 3,027,803
Should you invest in ELSS or Tax saving FDs?
Before getting into new investment ventures, people consider a lot of things. Age, investment horizon and risk appetite are a few of the important factors. People who want dual benefits of wealth growth and tax benefits prefer ELSS. For instance, new investors with a long investment horizon and higher risk appetite find ELSS a sensible option. People nearing retirement can invest in tax saving FDs as they tend to have low risks and guaranteed returns over long term (5 year or above atleast).
How to Invest in ELSS Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2020 Shepard Technologies Private Limited. All Rights Reserved