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ELSS vs Tax Saving FD

Updated on November 13, 2019 , 190 views

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).

ELSS

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 -

Tax-saving-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

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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 19 - 20

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Mirae Asset Tax Saver Fund Growth ₹18.624
↑ 0.08
₹2,4659.611.713.917.3 -2.3
Motilal Oswal Long Term Equity Fund Growth ₹18.548
↑ 0.01
₹1,50014.113.914.815.1 -8.7
LIC MF Tax Plan Growth ₹71.8221
↑ 0.36
₹24410.913.715.414.39.1-1.1
Tata India Tax Savings Fund Growth ₹18.9365
↑ 0.14
₹1,91999.114.514.112.3-8.4
Canara Robeco Equity Tax Saver Growth ₹67.66
↑ 0.30
₹9659.58.312.713.98.62.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Nov 19

*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.

1. Mirae Asset Tax Saver Fund

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 CAGR/Annualized return of 17.4% since its launch.  Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (15 Nov 19) ₹18.624 ↑ 0.08   (0.45 %)
Net Assets (Cr) ₹2,465 on 30 Sep 19
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 2.45
Sharpe Ratio 0.51
Information Ratio 1.1
Alpha Ratio 4.22
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 16₹12,391
31 Oct 17₹16,082
31 Oct 18₹15,863
31 Oct 19₹18,437

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 6.7%
3 Month 9.6%
6 Month 11.7%
1 Year 13.9%
3 Year 17.3%
5 Year
10 Year
15 Year
Since launch 17.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 153.26 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services36.63%
Consumer Cyclical10.86%
Consumer Defensive9.75%
Health Care7.99%
Energy7.87%
Technology7.82%
Industrials6.5%
Basic Materials6.06%
Utility4.03%
Communication Services1.73%
Asset Allocation
Asset ClassValue
Cash0.74%
Equity99.26%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
10%₹247 Cr2,009,876
↑ 167,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹156 Cr3,604,412
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
5%₹125 Cr939,876
↑ 80,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
5%₹114 Cr4,198,799
↑ 823,026
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
4%₹106 Cr4,071,794
↑ 626,919
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹98 Cr1,431,338
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
4%₹91 Cr617,880
↑ 85,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹90 Cr427,179
↑ 48,204
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK
3%₹84 Cr607,689
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
3%₹80 Cr995,437
↑ 70,000

2. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.7% since its launch.  Return for 2018 was -8.7% , 2017 was 44% and 2016 was 12.5% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (15 Nov 19) ₹18.548 ↑ 0.01   (0.08 %)
Net Assets (Cr) ₹1,500 on 30 Sep 19
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 2.76
Sharpe Ratio 0.32
Information Ratio 0.17
Alpha Ratio 3.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 15₹10,629
31 Oct 16₹12,992
31 Oct 17₹16,405
31 Oct 18₹15,127
31 Oct 19₹17,800

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 5.7%
3 Month 14.1%
6 Month 13.9%
1 Year 14.8%
3 Year 15.1%
5 Year
10 Year
15 Year
Since launch 13.7%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Aditya Khemani6 Sep 190 Yr.
Abhiroop Mukherjee21 Jan 154.61 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services48.85%
Consumer Cyclical15.89%
Consumer Defensive10.77%
Industrials10.59%
Basic Materials6.87%
Technology4.33%
Health Care1.85%
Asset Allocation
Asset ClassValue
Cash3.03%
Equity96.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
9%₹148 Cr3,195,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | HDFCBANK
9%₹145 Cr1,180,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 532215
8%₹126 Cr1,707,653
↑ 335,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | MARUTI
5%₹83 Cr110,000
HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Nov 17 | 540777
5%₹81 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 18 | LT
5%₹75 Cr509,225
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 19 | KOTAKBANK
4%₹71 Cr450,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | 500696
4%₹65 Cr300,000
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Apr 19 | 500820
4%₹63 Cr350,000
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Apr 19 | 532827
4%₹62 Cr24,000

3. LIC MF Tax Plan

The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the Scheme will be realised.

LIC MF Tax Plan is a Equity - ELSS fund was launched on 3 Feb 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.4% since its launch.  Ranked 35 in ELSS category.  Return for 2018 was -1.1% , 2017 was 37.3% and 2016 was 3.3% .

Below is the key information for LIC MF Tax Plan

LIC MF Tax Plan
Growth
Launch Date 3 Feb 99
NAV (15 Nov 19) ₹71.8221 ↑ 0.36   (0.51 %)
Net Assets (Cr) ₹244 on 30 Sep 19
Category Equity - ELSS
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.9
Sharpe Ratio 0.69
Information Ratio 0.18
Alpha Ratio 8.16
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,561
31 Oct 16₹11,572
31 Oct 17₹13,744
31 Oct 18₹13,516
31 Oct 19₹15,723

LIC MF Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for LIC MF Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 5.1%
3 Month 10.9%
6 Month 13.7%
1 Year 15.4%
3 Year 14.3%
5 Year 9.1%
10 Year
15 Year
Since launch 10.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -1.1%
2017 37.3%
2016 3.3%
2015 -3%
2014 49.1%
2013 8.2%
2012 26.3%
2011 -26.2%
2010 15.7%
2009 62.2%
Fund Manager information for LIC MF Tax Plan
NameSinceTenure
Sachin Relekar5 Mar 153.91 Yr.

Data below for LIC MF Tax Plan as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services41.03%
Consumer Cyclical12.65%
Technology12.15%
Basic Materials10.03%
Consumer Defensive9.34%
Energy3.34%
Real Estate2.54%
Industrials2.28%
Health Care1.73%
Utility0.26%
Asset Allocation
Asset ClassValue
Cash4.64%
Equity95.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK
8%₹19 Cr156,190
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK
6%₹15 Cr318,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 500034
6%₹14 Cr35,200
Treps
CBLO/Reverse Repo | -
6%₹14 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS
5%₹13 Cr58,900
Infosys Ltd (Technology)
Equity, Since 31 Oct 14 | INFY
5%₹13 Cr190,156
↑ 18,900
City Union Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | CUB
4%₹11 Cr518,285
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | 540376
4%₹10 Cr51,192
Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532978
4%₹10 Cr12,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
4%₹9 Cr61,000

4. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.4% since its launch.  Ranked 1 in ELSS category.  Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (15 Nov 19) ₹18.9365 ↑ 0.14   (0.73 %)
Net Assets (Cr) ₹1,919 on 30 Sep 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.65
Information Ratio -0.42
Alpha Ratio 3.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹11,574
31 Oct 16₹13,481
31 Oct 17₹16,728
31 Oct 18₹15,426
31 Oct 19₹18,184

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 5.3%
3 Month 9%
6 Month 9.1%
1 Year 14.5%
3 Year 14.1%
5 Year 12.3%
10 Year
15 Year
Since launch 13.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
2009
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services42.62%
Industrials10.11%
Technology9.79%
Energy9.28%
Consumer Cyclical9.14%
Health Care5.95%
Basic Materials3.58%
Consumer Defensive3.2%
Communication Services2.03%
Real Estate0.84%
Asset Allocation
Asset ClassValue
Cash0.86%
Equity96.54%
Other2.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
10%₹184 Cr4,241,000
↑ 226,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹157 Cr1,282,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
7%₹135 Cr1,680,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹103 Cr1,500,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹102 Cr3,750,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹97 Cr730,000
↑ 230,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹81 Cr495,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹67 Cr340,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 500034
3%₹61 Cr150,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹52 Cr250,000

5. Canara Robeco Equity Tax Saver

(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 CAGR/Annualized return of 19.4% since its launch.  Ranked 36 in ELSS category.  Return for 2018 was 2.7% , 2017 was 32% and 2016 was 0% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (15 Nov 19) ₹67.66 ↑ 0.30   (0.45 %)
Net Assets (Cr) ₹965 on 30 Sep 19
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.59
Sharpe Ratio 0.36
Information Ratio -0.13
Alpha Ratio 2.46
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,335
31 Oct 16₹11,248
31 Oct 17₹13,105
31 Oct 18₹13,330
31 Oct 19₹15,351

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 4.1%
3 Month 9.5%
6 Month 8.3%
1 Year 12.7%
3 Year 13.9%
5 Year 8.6%
10 Year
15 Year
Since launch 19.4%
Historical performance (Yearly) on absolute basis
YearReturns
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
2011 -16.3%
2010 24.9%
2009
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Shridatta Bhandwaldar1 Oct 190 Yr.
Cheenu Gupta12 Mar 181.55 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services35.26%
Consumer Defensive13.05%
Basic Materials11.81%
Technology11.03%
Industrials7.35%
Consumer Cyclical5.3%
Communication Services4.19%
Health Care4.06%
Utility2.87%
Asset Allocation
Asset ClassValue
Cash5.01%
Equity94.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
10%₹93 Cr754,684
↑ 38,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
6%₹60 Cr742,500
↑ 55,000
Treps
CBLO/Reverse Repo | -
6%₹58 Cr
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
5%₹52 Cr129,150
↑ 13,500
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 500696
4%₹42 Cr213,830
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹41 Cr251,000
↑ 57,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL
4%₹40 Cr1,103,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 19 | ULTRACEMCO
4%₹39 Cr90,550
↓ -15,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
4%₹36 Cr821,000
↓ -316,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB
4%₹34 Cr206,500
↑ 15,000

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?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

Disclaimer:
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.
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