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 24 - 25
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) JM Tax Gain Fund Growth ₹49.2789
↑ 0.22 ₹161 14.5 27.3 48.8 24 24.6 30.9 Motilal Oswal Long Term Equity Fund Growth ₹48.3716
↓ -0.08 ₹3,710 9.6 26.5 54.4 23.7 24.3 37 Franklin India Taxshield Growth ₹1,450.53
↑ 2.84 ₹6,816 11 20.2 43.8 22.5 21.5 31.2 BOI AXA Tax Advantage Fund Growth ₹171.47
↓ -0.22 ₹1,428 8.8 24 52.8 22.1 29 34.8 Kotak Tax Saver Fund Growth ₹117.108
↑ 0.34 ₹6,101 10.2 24.7 38.4 20.9 22.1 23.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24
*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 is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns. JM Tax Gain Fund is a Equity - ELSS fund was launched on 31 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for JM Tax Gain Fund Returns up to 1 year are on (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 Below is the key information for Motilal Oswal Long Term Equity 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 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 longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on 1. JM Tax Gain Fund
CAGR/Annualized return of 10.3% since its launch. Ranked 18 in ELSS category. Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% . JM Tax Gain Fund
Growth Launch Date 31 Mar 08 NAV (25 Jul 24) ₹49.2789 ↑ 0.22 (0.46 %) Net Assets (Cr) ₹161 on 30 Jun 24 Category Equity - ELSS AMC JM Financial Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.63 Information Ratio 0.79 Alpha Ratio 8.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,935 30 Jun 21 ₹14,283 30 Jun 22 ₹14,168 30 Jun 23 ₹18,523 30 Jun 24 ₹27,569 Returns for JM Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 2.4% 3 Month 14.5% 6 Month 27.3% 1 Year 48.8% 3 Year 24% 5 Year 24.6% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.9% 2022 0.5% 2021 32.2% 2020 18.3% 2019 14.9% 2018 -4.6% 2017 42.6% 2016 5.2% 2015 -0.6% 2014 54.9% Fund Manager information for JM Tax Gain Fund
Name Since Tenure Asit Bhandarkar 31 Dec 21 2.5 Yr. Gurvinder Wasan 1 Dec 22 1.58 Yr. Chaitanya Choksi 18 Jul 14 9.96 Yr. Data below for JM Tax Gain Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 23.36% Financial Services 16.43% Basic Materials 16.36% Consumer Cyclical 14.23% Technology 10.32% Consumer Defensive 5.84% Communication Services 5.38% Real Estate 3.37% Health Care 2.41% Utility 1.99% Asset Allocation
Asset Class Value Cash 0.31% Equity 99.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK4% ₹7 Cr 39,131 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK4% ₹6 Cr 50,975 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT3% ₹6 Cr 15,500 Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY3% ₹4 Cr 27,465
↑ 5,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | PFC3% ₹4 Cr 87,625
↓ -18,000 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR2% ₹4 Cr 57,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL2% ₹4 Cr 25,000 Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS2% ₹4 Cr 24,500 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Nov 23 | VBL2% ₹4 Cr 22,000 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | CUMMINSIND2% ₹4 Cr 9,000
↓ -500 2. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 18% since its launch. Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% . Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (25 Jul 24) ₹48.3716 ↓ -0.08 (-0.18 %) Net Assets (Cr) ₹3,710 on 30 Jun 24 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 3.34 Information Ratio 0.92 Alpha Ratio 14.81 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,987 30 Jun 21 ₹14,080 30 Jun 22 ₹13,182 30 Jun 23 ₹17,688 30 Jun 24 ₹27,905 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 0.4% 3 Month 9.6% 6 Month 26.5% 1 Year 54.4% 3 Year 23.7% 5 Year 24.3% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2023 37% 2022 1.8% 2021 32.1% 2020 8.8% 2019 13.2% 2018 -8.7% 2017 44% 2016 12.5% 2015 2014 Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Ajay Khandelwal 11 Dec 23 0.56 Yr. Niket Shah 17 Oct 23 0.71 Yr. Rakesh Shetty 22 Nov 22 1.61 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 30.93% Financial Services 23.32% Consumer Cyclical 19.99% Real Estate 8.63% Health Care 8.35% Basic Materials 2.66% Technology 2.53% Communication Services 2.32% Asset Allocation
Asset Class Value Cash 1.28% Equity 98.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433207% ₹252 Cr 12,550,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT6% ₹241 Cr 439,590
↓ -35,209 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE5% ₹200 Cr 1,055,205
↓ -94,795 Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5439405% ₹181 Cr 5,051,957 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL4% ₹165 Cr 3,296,932 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL4% ₹159 Cr 992,768
↓ -170,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Nov 23 | CGPOWER4% ₹132 Cr 1,875,000 Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA4% ₹130 Cr 993,145 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK3% ₹128 Cr 870,734
↓ -129,266 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS3% ₹126 Cr 148,305 3. Franklin India Taxshield
CAGR/Annualized return of 21.7% since its launch. Ranked 28 in ELSS category. Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% . Franklin India Taxshield
Growth Launch Date 10 Apr 99 NAV (25 Jul 24) ₹1,450.53 ↑ 2.84 (0.20 %) Net Assets (Cr) ₹6,816 on 30 Jun 24 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 2.97 Information Ratio 0.57 Alpha Ratio 6.95 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,076 30 Jun 21 ₹13,526 30 Jun 22 ₹13,396 30 Jun 23 ₹16,867 30 Jun 24 ₹24,573 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 3.4% 3 Month 11% 6 Month 20.2% 1 Year 43.8% 3 Year 22.5% 5 Year 21.5% 10 Year 15 Year Since launch 21.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.2% 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% Fund Manager information for Franklin India Taxshield
Name Since Tenure R. Janakiraman 2 May 16 8.17 Yr. Rajasa Kakulavarapu 1 Dec 23 0.58 Yr. Data below for Franklin India Taxshield as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 28.76% Industrials 15.09% Consumer Cyclical 12.14% Technology 8.72% Consumer Defensive 6.62% Basic Materials 5.58% Communication Services 4.99% Utility 4.58% Energy 4.36% Health Care 3.92% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 3.81% Equity 96.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK8% ₹545 Cr 4,546,914
↑ 141,914 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK8% ₹513 Cr 3,045,417
↑ 196,480 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹340 Cr 2,356,802
↓ -163,198 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT5% ₹314 Cr 883,853 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY4% ₹301 Cr 1,922,741 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK4% ₹285 Cr 2,252,948 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹252 Cr 2,971,107
↓ -94,598 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹214 Cr 682,403
↑ 25,316 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | UNITDSPR3% ₹211 Cr 1,650,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | 5322813% ₹196 Cr 1,345,586 4. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 20.2% since its launch. Ranked 13 in ELSS category. Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (25 Jul 24) ₹171.47 ↓ -0.22 (-0.13 %) Net Assets (Cr) ₹1,428 on 30 Jun 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 3.05 Information Ratio 0.71 Alpha Ratio 11.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,045 30 Jun 21 ₹17,570 30 Jun 22 ₹16,756 30 Jun 23 ₹21,185 30 Jun 24 ₹33,488 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 1% 3 Month 8.8% 6 Month 24% 1 Year 52.8% 3 Year 22.1% 5 Year 29% 10 Year 15 Year Since launch 20.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.8% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 2.18 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 26.16% Industrials 20.51% Basic Materials 15.71% Consumer Cyclical 11.96% Energy 6.05% Technology 5.54% Utility 4.25% Consumer Defensive 3.95% Health Care 3.52% Real Estate 1.93% Asset Allocation
Asset Class Value Cash 0.38% Equity 99.59% Debt 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹64 Cr 752,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002954% ₹55 Cr 1,211,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL4% ₹53 Cr 99,900 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL4% ₹51 Cr 702,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK3% ₹42 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹38 Cr 223,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹36 Cr 955,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE2% ₹36 Cr 114,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | BANKBARODA2% ₹35 Cr 1,286,338 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | UNOMINDA2% ₹32 Cr 290,000 5. Kotak Tax Saver Fund
CAGR/Annualized return of 14.1% since its launch. Ranked 19 in ELSS category. Return for 2023 was 23.6% , 2022 was 6.9% and 2021 was 33.2% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (25 Jul 24) ₹117.108 ↑ 0.34 (0.29 %) Net Assets (Cr) ₹6,101 on 30 Jun 24 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 3.04 Information Ratio 0.3 Alpha Ratio 8.95 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,983 30 Jun 21 ₹14,227 30 Jun 22 ₹14,252 30 Jun 23 ₹17,969 30 Jun 24 ₹25,388 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24 Duration Returns 1 Month 1.4% 3 Month 10.2% 6 Month 24.7% 1 Year 38.4% 3 Year 20.9% 5 Year 22.1% 10 Year 15 Year Since launch 14.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.6% 2022 6.9% 2021 33.2% 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 8.86 Yr. Data below for Kotak Tax Saver Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 24.15% Industrials 18.74% Basic Materials 14.26% Consumer Cyclical 10.21% Energy 8.65% Utility 7.6% Technology 5.19% Health Care 4.08% Consumer Defensive 3.28% Communication Services 3.13% Asset Allocation
Asset Class Value Cash 0.71% Equity 99.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK7% ₹438 Cr 2,600,000
↑ 850,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE5% ₹282 Cr 900,000
↑ 400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹252 Cr 2,100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹229 Cr 2,700,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | AXISBANK4% ₹228 Cr 1,800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹209 Cr 588,501 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC3% ₹189 Cr 5,000,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹188 Cr 1,200,000
↑ 400,000 Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | BOSCHLTD3% ₹177 Cr 52,000 Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | LINDEINDIA3% ₹166 Cr 200,000
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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