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 23 - 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹108.94
↑ 0.50 ₹4,333 9 5.3 19.6 34.1 13.7 4.2 SBI Magnum Tax Gain Fund Growth ₹260.33
↑ 3.09 ₹12,998 9.8 6.4 24.4 27.9 13.4 6.9 BOI AXA Tax Advantage Fund Growth ₹106.44
↑ 1.01 ₹739 7.3 2.7 19.9 27.7 14 -1.3 PGIM India Tax Savings Fund Growth ₹26.13
↑ 0.20 ₹494 6.5 3.4 17.7 27.4 13.2 4.7 Franklin India Taxshield Growth ₹947.966
↑ 8.00 ₹4,740 7.1 1.1 18.1 27 11 5.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Jun 23
*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 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 To deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Tax Gain 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 primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for PGIM India Tax Savings Fund Returns up to 1 year are on The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Taxshield Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (07 Jun 23) ₹108.94 ↑ 0.50 (0.46 %) Net Assets (Cr) ₹4,333 on 30 Apr 23 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio -0.07 Information Ratio 1.16 Alpha Ratio -0.58 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,909 31 May 20 ₹7,293 31 May 21 ₹14,346 31 May 22 ₹15,924 31 May 23 ₹18,396 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23 Duration Returns 1 Month 6.2% 3 Month 9% 6 Month 5.3% 1 Year 19.6% 3 Year 34.1% 5 Year 13.7% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.53 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 27.23% Industrials 13.77% Consumer Cyclical 13.37% Basic Materials 10.49% Technology 8.41% Health Care 6.4% Consumer Defensive 6.35% Energy 3.91% Communication Services 2.44% Utility 1.47% Asset Allocation
Asset Class Value Cash 6.16% Equity 93.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹349 Cr 3,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹177 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹169 Cr 700,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹169 Cr 1,350,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK4% ₹168 Cr 1,950,000
↑ 100,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹145 Cr 2,500,000
↓ -500,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹126 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC3% ₹118 Cr 425,000
↑ 75,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹106 Cr 1,325,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC2% ₹104 Cr 8,700,000
↓ -300,000 2. SBI Magnum Tax Gain Fund
CAGR/Annualized return of 11.5% since its launch. Ranked 31 in ELSS category. Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% . SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (07 Jun 23) ₹260.33 ↑ 3.09 (1.20 %) Net Assets (Cr) ₹12,998 on 30 Apr 23 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.85 Sharpe Ratio 0.42 Information Ratio 0.24 Alpha Ratio 6.5 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,463 31 May 20 ₹8,460 31 May 21 ₹14,014 31 May 22 ₹15,124 31 May 23 ₹18,107 Returns for SBI Magnum Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23 Duration Returns 1 Month 6.3% 3 Month 9.8% 6 Month 6.4% 1 Year 24.4% 3 Year 27.9% 5 Year 13.4% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% 2015 3.2% 2014 49.1% 2013 7% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Dinesh Balachandran 10 Sep 16 6.64 Yr. Data below for SBI Magnum Tax Gain Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 26.38% Industrials 14.85% Energy 8.84% Consumer Cyclical 7.21% Utility 7.03% Technology 6.33% Basic Materials 6.16% Health Care 6.02% Consumer Defensive 3.59% Communication Services 3.42% Real Estate 2.41% Asset Allocation
Asset Class Value Cash 7.76% Equity 92.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK5% ₹681 Cr 7,416,237 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT4% ₹584 Cr 2,468,968 Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND4% ₹487 Cr 3,088,066 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE4% ₹469 Cr 1,937,574 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK3% ₹446 Cr 2,641,521 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL3% ₹445 Cr 5,563,576
↑ 355,426 State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN3% ₹444 Cr 7,685,639 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M3% ₹419 Cr 3,415,083 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | AXISBANK3% ₹386 Cr 4,492,332 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹376 Cr 8,836,111 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18% since its launch. Ranked 13 in ELSS category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (07 Jun 23) ₹106.44 ↑ 1.01 (0.96 %) Net Assets (Cr) ₹739 on 30 Apr 23 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 0.12 Information Ratio 0.12 Alpha Ratio 2.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,208 31 May 20 ₹8,648 31 May 21 ₹15,134 31 May 22 ₹15,930 31 May 23 ₹18,489 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23 Duration Returns 1 Month 2.8% 3 Month 7.3% 6 Month 2.7% 1 Year 19.9% 3 Year 27.7% 5 Year 14% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 1.01 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 36.97% Industrials 10.94% Consumer Defensive 9.81% Basic Materials 9.14% Health Care 6.44% Utility 5.55% Energy 5.02% Consumer Cyclical 3.56% Technology 2.9% Real Estate 1.98% Communication Services 0.69% Asset Allocation
Asset Class Value Cash 6.92% Equity 93.01% Debt 0.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹49 Cr 529,340 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹45 Cr 265,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹45 Cr 770,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK4% ₹28 Cr 895,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹22 Cr 91,009 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹22 Cr 1,260,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 22 | ITC3% ₹20 Cr 473,223 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT2% ₹18 Cr 76,000
↑ 5,000 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN2% ₹18 Cr 432,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK2% ₹18 Cr 204,000 4. PGIM India Tax Savings Fund
CAGR/Annualized return of 13.7% since its launch. Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (07 Jun 23) ₹26.13 ↑ 0.20 (0.77 %) Net Assets (Cr) ₹494 on 30 Apr 23 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 0.04 Information Ratio 0.4 Alpha Ratio 0.99 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,476 31 May 20 ₹8,545 31 May 21 ₹14,542 31 May 22 ₹15,983 31 May 23 ₹18,368 Returns for PGIM India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23 Duration Returns 1 Month 4.9% 3 Month 6.5% 6 Month 3.4% 1 Year 17.7% 3 Year 27.4% 5 Year 13.2% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Bhupesh Kalyani 1 Apr 23 0.08 Yr. Vinay Paharia 1 Apr 23 0.08 Yr. Anandha Padmanabhan Anjeneyan 1 Apr 23 0.08 Yr. Ojasvi Khicha 1 Apr 23 0.08 Yr. Data below for PGIM India Tax Savings Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 31.62% Consumer Cyclical 9.55% Industrials 8.64% Technology 8.53% Consumer Defensive 7.92% Energy 7.09% Health Care 7% Basic Materials 6.85% Utility 3.49% Communication Services 2.03% Real Estate 0.79% Asset Allocation
Asset Class Value Cash 6.49% Equity 93.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹37 Cr 222,200 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE7% ₹35 Cr 144,750 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK6% ₹27 Cr 298,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT5% ₹23 Cr 95,664 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹20 Cr 161,129 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | AXISBANK4% ₹19 Cr 218,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 17 | HDFC3% ₹17 Cr 61,500
↑ 14,800 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC3% ₹17 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN2% ₹10 Cr 178,174
↓ -116,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | HCLTECH2% ₹10 Cr 96,100 5. Franklin India Taxshield
CAGR/Annualized return of 20.7% since its launch. Ranked 28 in ELSS category. Return for 2022 was 5.4% , 2021 was 36.7% and 2020 was 9.8% . Franklin India Taxshield
Growth Launch Date 10 Apr 99 NAV (07 Jun 23) ₹947.966 ↑ 8.00 (0.85 %) Net Assets (Cr) ₹4,740 on 30 Apr 23 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.9 Sharpe Ratio 0.14 Information Ratio 0.34 Alpha Ratio 2.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,246 31 May 20 ₹7,679 31 May 21 ₹13,336 31 May 22 ₹14,452 31 May 23 ₹16,517 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23 Duration Returns 1 Month 5.2% 3 Month 7.1% 6 Month 1.1% 1 Year 18.1% 3 Year 27% 5 Year 11% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.4% 2021 36.7% 2020 9.8% 2019 5.1% 2018 -3% 2017 29.1% 2016 4.7% 2015 4% 2014 56.9% 2013 6.1% Fund Manager information for Franklin India Taxshield
Name Since Tenure Anand Radhakrishnan 18 Oct 21 1.53 Yr. R. Janakiraman 2 May 16 7 Yr. Data below for Franklin India Taxshield as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 32.32% Industrials 12.64% Consumer Cyclical 10.19% Technology 9.8% Consumer Defensive 8.3% Basic Materials 5.8% Utility 5.26% Communication Services 5.23% Energy 4.37% Health Care 1.33% Asset Allocation
Asset Class Value Cash 4.75% Equity 95.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK9% ₹422 Cr 4,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK9% ₹422 Cr 2,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT6% ₹270 Cr 1,140,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹251 Cr 2,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹248 Cr 3,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK5% ₹237 Cr 2,750,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹173 Cr 3,000,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH3% ₹138 Cr 1,300,000 Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM3% ₹138 Cr 800,000 United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 18 | 5324323% ₹128 Cr 1,650,000
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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