Table of Contents
ELSS vs Tax Saving FD
Equity Linked Savings Scheme (ELSS)
ELSS is the only Mutual Fund eligible for 80C deductions. It 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 Rs. 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 Rs. 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 Rs. 1 lakh are free of tax. Tax at 10% applies to gains above Rs. 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 22 - 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) BOI AXA Tax Advantage Fund Growth ₹96.09
↑ 0.49 ₹551 3.2 -3.3 -0.4 26.8 14.9 41.5 IDFC Tax Advantage (ELSS) Fund Growth ₹96.611
↑ 0.07 ₹3,399 1.5 -3.5 7.6 24.4 13.2 49.2 Canara Robeco Equity Tax Saver Growth ₹114.52
↑ 0.36 ₹3,518 6.1 -2.4 4.9 23.3 15.3 35.1 Mirae Asset Tax Saver Fund Growth ₹30.586
↑ 0.05 ₹11,495 3.6 -2.6 3.9 22.2 14.7 35.3 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹18.7671
↑ 0.06 ₹435 5.5 -1.1 7 21 9.8 39.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Aug 22
*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.
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 seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on (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 investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.3% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (05 Aug 22) ₹96.09 ↑ 0.49 (0.51 %) Net Assets (Cr) ₹551 on 30 Jun 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.53 Information Ratio 0.72 Alpha Ratio -5.33 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹11,624 31 Jul 19 ₹9,915 31 Jul 20 ₹11,580 31 Jul 21 ₹19,650 31 Jul 22 ₹19,506 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22 Duration Returns 1 Month 10.9% 3 Month 3.2% 6 Month -3.3% 1 Year -0.4% 3 Year 26.8% 5 Year 14.9% 10 Year 15 Year Since launch 18.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.26 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 26.18% Consumer Cyclical 16.87% Basic Materials 10.29% Consumer Defensive 8.58% Technology 7.8% Industrials 7.36% Health Care 5.88% Energy 5.13% Utility 3.77% Communication Services 2.06% Real Estate 1% Asset Allocation
Asset Class Value Cash 5.09% Equity 94.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹37 Cr 529,340 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹28 Cr 109,009
↑ 18,329 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹26 Cr 193,669 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹24 Cr 165,434
↑ 4,445 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 22 | TCS3% ₹19 Cr 57,522
↑ 21,693 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN3% ₹17 Cr 357,926 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹15 Cr 87,607 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹14 Cr 977,859
↑ 62,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL2% ₹13 Cr 168,692
↑ 5,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M2% ₹12 Cr 112,150
↑ 18,600 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.1% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (05 Aug 22) ₹96.611 ↑ 0.07 (0.08 %) Net Assets (Cr) ₹3,399 on 30 Jun 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.06 Sharpe Ratio -0.05 Information Ratio 0.31 Alpha Ratio 1.7 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹10,996 31 Jul 19 ₹9,969 31 Jul 20 ₹9,599 31 Jul 21 ₹16,948 31 Jul 22 ₹18,229 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22 Duration Returns 1 Month 9.6% 3 Month 1.5% 6 Month -3.5% 1 Year 7.6% 3 Year 24.4% 5 Year 13.2% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.78 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 25.75% Consumer Cyclical 18.01% Industrials 13.09% Technology 10.99% Basic Materials 10.24% Health Care 7.5% Energy 4.2% Consumer Defensive 3.35% Communication Services 2.82% Asset Allocation
Asset Class Value Cash 4.04% Equity 95.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹269 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹205 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹163 Cr 3,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹143 Cr 550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹142 Cr 1,050,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹115 Cr 2,800,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹98 Cr 900,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹96 Cr 1,400,000 VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG3% ₹94 Cr 1,500,000
↓ -50,000 Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL3% ₹87 Cr 2,010,000
↑ 10,000 3. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.8% since its launch. Ranked 36 in ELSS category. Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (05 Aug 22) ₹114.52 ↑ 0.36 (0.32 %) Net Assets (Cr) ₹3,518 on 30 Jun 22 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.26 Sharpe Ratio -0.38 Information Ratio 0.28 Alpha Ratio -2.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹11,262 31 Jul 19 ₹11,118 31 Jul 20 ₹12,153 31 Jul 21 ₹19,053 31 Jul 22 ₹20,114 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22 Duration Returns 1 Month 10.7% 3 Month 6.1% 6 Month -2.4% 1 Year 4.9% 3 Year 23.3% 5 Year 15.3% 10 Year 15 Year Since launch 19.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.1 Yr. Shridatta Bhandwaldar 1 Oct 19 2.84 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 28.28% Consumer Cyclical 14.96% Technology 10.99% Industrials 9.08% Basic Materials 8.13% Energy 7% Health Care 6.57% Consumer Defensive 5.54% Communication Services 2.46% Real Estate 1.47% Utility 1.38% Asset Allocation
Asset Class Value Cash 4.14% Equity 95.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹260 Cr 3,676,000
↑ 240,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE7% ₹246 Cr 948,500
↑ 5,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY7% ₹244 Cr 1,671,310
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹235 Cr 1,742,184
↑ 55,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹107 Cr 2,290,000
↑ 40,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹106 Cr 323,712 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹94 Cr 1,478,000
↑ 75,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL2% ₹87 Cr 1,265,000
↑ 70,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR2% ₹77 Cr 346,690
↑ 10,000 ABB India Ltd (Industrials)
Equity, Since 31 Jan 21 | ABB2% ₹77 Cr 332,500 4. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 18.4% since its launch. Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (05 Aug 22) ₹30.586 ↑ 0.05 (0.17 %) Net Assets (Cr) ₹11,495 on 30 Jun 22 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.4 Sharpe Ratio -0.32 Information Ratio 1.03 Alpha Ratio -1.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹10,994 31 Jul 19 ₹11,172 31 Jul 20 ₹11,601 31 Jul 21 ₹18,738 31 Jul 22 ₹19,668 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22 Duration Returns 1 Month 8.6% 3 Month 3.6% 6 Month -2.6% 1 Year 3.9% 3 Year 22.2% 5 Year 14.7% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 6.6 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 34.32% Technology 12.85% Consumer Cyclical 10.02% Basic Materials 8.19% Industrials 7.7% Energy 7.63% Health Care 7.59% Consumer Defensive 4.79% Communication Services 3.24% Utility 2.78% Asset Allocation
Asset Class Value Cash 0.89% Equity 99.11% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹902 Cr 6,689,722 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY7% ₹749 Cr 5,124,691
↑ 300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹744 Cr 10,518,912 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE6% ₹707 Cr 2,724,180 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹483 Cr 7,583,266
↑ 422,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹414 Cr 8,883,799 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹341 Cr 1,042,537
↓ -35,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹283 Cr 4,134,889
↑ 896,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT2% ₹282 Cr 1,807,630 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA2% ₹256 Cr 3,082,209 5. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized return of 11.5% since its launch. Return for 2021 was 39.4% , 2020 was 14.1% and 2019 was 4.5% . Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (05 Aug 22) ₹18.7671 ↑ 0.06 (0.31 %) Net Assets (Cr) ₹435 on 30 Jun 22 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.41 Sharpe Ratio -0.22 Information Ratio 0.07 Alpha Ratio -0.45 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 17 ₹10,000 31 Jul 18 ₹10,021 31 Jul 19 ₹9,168 31 Jul 20 ₹9,164 31 Jul 21 ₹14,614 31 Jul 22 ₹15,690 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22 Duration Returns 1 Month 10.8% 3 Month 5.5% 6 Month -1.1% 1 Year 7% 3 Year 21% 5 Year 9.8% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 2014 2013 2012 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 1.61 Yr. Fatema Pacha 16 Oct 20 1.79 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 31.51% Technology 16.42% Consumer Cyclical 11.55% Industrials 11.32% Energy 6.84% Consumer Defensive 6.41% Basic Materials 6.35% Health Care 4.37% Real Estate 1.62% Utility 1.58% Communication Services 1% Asset Allocation
Asset Class Value Cash 1.03% Equity 98.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK10% ₹42 Cr 313,876 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK9% ₹41 Cr 581,120
↑ 108,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY9% ₹38 Cr 260,807 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE6% ₹25 Cr 95,154
↓ -3,860 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR4% ₹18 Cr 80,612
↑ 21,712 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS4% ₹16 Cr 49,286
↑ 7,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000343% ₹12 Cr 23,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322153% ₹12 Cr 188,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT3% ₹11 Cr 73,042 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI3% ₹11 Cr 12,926
↑ 1,000
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?
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.
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