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 (%) Motilal Oswal Long Term Equity Fund Growth ₹44.1256
↑ 0.38 ₹3,205 15.4 39 62.1 26.9 21.2 37 BOI AXA Tax Advantage Fund Growth ₹157.58
↑ 1.55 ₹1,210 13.9 38.8 56.5 25.8 25.8 34.8 Franklin India Taxshield Growth ₹1,306.5
↑ 12.03 ₹6,180 8.2 26.3 47.2 24.4 18.1 31.2 JM Tax Gain Fund Growth ₹43.0564
↑ 0.53 ₹128 11.2 30.3 51.7 24 20.6 30.9 IDFC Tax Advantage (ELSS) Fund Growth ₹140.414
↑ 0.89 ₹6,253 7.3 21.6 39.8 23.2 20.1 28.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Apr 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.
(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 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 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 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 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 1. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 17.4% 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 Apr 24) ₹44.1256 ↑ 0.38 (0.86 %) Net Assets (Cr) ₹3,205 on 31 Mar 24 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 3.51 Information Ratio 0.61 Alpha Ratio 13.5 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,890 31 Mar 21 ₹12,936 31 Mar 22 ₹14,746 31 Mar 23 ₹15,621 31 Mar 24 ₹24,072 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 Apr 24 Duration Returns 1 Month 11% 3 Month 15.4% 6 Month 39% 1 Year 62.1% 3 Year 26.9% 5 Year 21.2% 10 Year 15 Year Since launch 17.4% 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 0.31 Yr. Niket Shah 17 Oct 23 0.46 Yr. Rakesh Shetty 22 Nov 22 1.36 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 25.57% Industrials 25.48% Consumer Cyclical 17% Health Care 12.1% Real Estate 7.01% Basic Materials 4.97% Technology 3.76% Utility 2.69% Asset Allocation
Asset Class Value Cash 1.43% Equity 98.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433207% ₹215 Cr 13,000,000 Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5439407% ₹211 Cr 6,800,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 5002516% ₹184 Cr 474,799 Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA5% ₹168 Cr 1,235,145
↓ -285,352 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK5% ₹147 Cr 1,000,000 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE4% ₹134 Cr 1,150,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL4% ₹131 Cr 3,296,932
↑ 1,113,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Jul 23 | INDIGO4% ₹128 Cr 406,055
↓ -50,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK4% ₹123 Cr 1,170,000 Infosys Ltd (Technology)
Equity, Since 31 Aug 20 | INFY4% ₹117 Cr 700,000 2. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 19.9% 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 Apr 24) ₹157.58 ↑ 1.55 (0.99 %) Net Assets (Cr) ₹1,210 on 31 Mar 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 3 Information Ratio 0.75 Alpha Ratio 7.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,986 31 Mar 21 ₹15,681 31 Mar 22 ₹19,443 31 Mar 23 ₹19,377 31 Mar 24 ₹29,944 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 6.9% 3 Month 13.9% 6 Month 38.8% 1 Year 56.5% 3 Year 25.8% 5 Year 25.8% 10 Year 15 Year Since launch 19.9% 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 1.93 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 25.25% Industrials 10.47% Consumer Cyclical 9.03% Health Care 8.58% Basic Materials 8.09% Energy 7.7% Technology 5.05% Utility 3.86% Consumer Defensive 2.52% Real Estate 1.36% Asset Allocation
Asset Class Value Cash 15.6% Equity 81.91% Debt 2.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹46 Cr 620,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹39 Cr 280,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹39 Cr 695,000
↓ -200,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL3% ₹38 Cr 702,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹38 Cr 130,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹34 Cr 217,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321343% ₹33 Cr 1,236,338
↓ -413,662 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹31 Cr 920,000
↓ -118,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT3% ₹29 Cr 82,800 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹28 Cr 3,000,000 3. Franklin India Taxshield
CAGR/Annualized return of 21.5% 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 Apr 24) ₹1,306.5 ↑ 12.03 (0.93 %) Net Assets (Cr) ₹6,180 on 31 Mar 24 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 3.25 Information Ratio 0.69 Alpha Ratio 6.43 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,837 31 Mar 21 ₹12,166 31 Mar 22 ₹14,777 31 Mar 23 ₹15,159 31 Mar 24 ₹21,978 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 4.7% 3 Month 8.2% 6 Month 26.3% 1 Year 47.2% 3 Year 24.4% 5 Year 18.1% 10 Year 15 Year Since launch 21.5% 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 7.92 Yr. Rajasa Kakulavarapu 1 Dec 23 0.33 Yr. Data below for Franklin India Taxshield as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 26.53% Industrials 14.7% Consumer Cyclical 12.34% Technology 11.25% Consumer Defensive 7.61% Basic Materials 6.07% Utility 5.73% Communication Services 4.94% Energy 4.83% Health Care 3.02% Asset Allocation
Asset Class Value Cash 2.99% Equity 97.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK8% ₹484 Cr 4,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK6% ₹379 Cr 2,700,000
↑ 100,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY6% ₹349 Cr 2,084,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT5% ₹335 Cr 964,705
↓ -35,295 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹303 Cr 2,700,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322154% ₹261 Cr 2,424,362
↓ -175,638 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH4% ₹248 Cr 1,491,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹243 Cr 3,251,300
↑ 251,300 NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 5325553% ₹197 Cr 5,867,776
↑ 85,776 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N3% ₹192 Cr 1,650,000 4. JM Tax Gain Fund
CAGR/Annualized return of 9.5% 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 Apr 24) ₹43.0564 ↑ 0.53 (1.25 %) Net Assets (Cr) ₹128 on 31 Mar 24 Category Equity - ELSS AMC JM Financial Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.83 Information Ratio 0.19 Alpha Ratio 6.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,854 31 Mar 21 ₹13,663 31 Mar 22 ₹16,571 31 Mar 23 ₹16,442 31 Mar 24 ₹23,774 Returns for JM Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 8.6% 3 Month 11.2% 6 Month 30.3% 1 Year 51.7% 3 Year 24% 5 Year 20.6% 10 Year 15 Year Since launch 9.5% 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 2.25 Yr. Gurvinder Wasan 1 Dec 22 1.33 Yr. Chaitanya Choksi 18 Jul 14 9.71 Yr. Data below for JM Tax Gain Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 25.02% Technology 16.94% Industrials 15.69% Consumer Cyclical 12.58% Basic Materials 9.14% Consumer Defensive 5.03% Utility 4.28% Real Estate 3.8% Health Care 3.27% Communication Services 1.34% Asset Allocation
Asset Class Value Cash 2.91% Equity 97.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK6% ₹7 Cr 47,881
↑ 24,000 Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY5% ₹6 Cr 34,215
↑ 15,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK4% ₹5 Cr 49,975 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹5 Cr 13,500
↓ -800 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN3% ₹3 Cr 45,400 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 5328103% ₹3 Cr 81,625
↓ -30,000 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 22 | 5321343% ₹3 Cr 123,000 NTPC Ltd (Utilities)
Equity, Since 31 Dec 23 | 5325553% ₹3 Cr 97,000
↑ 15,000 Newgen Software Technologies Ltd (Technology)
Equity, Since 30 Nov 23 | NEWGEN3% ₹3 Cr 36,900 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR2% ₹3 Cr 47,500 5. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.8% since its launch. Ranked 3 in ELSS category. Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (25 Apr 24) ₹140.414 ↑ 0.89 (0.64 %) Net Assets (Cr) ₹6,253 on 31 Mar 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.84 Information Ratio 0.62 Alpha Ratio 3.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,585 31 Mar 21 ₹13,138 31 Mar 22 ₹17,235 31 Mar 23 ₹17,359 31 Mar 24 ₹24,171 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 3% 3 Month 7.3% 6 Month 21.6% 1 Year 39.8% 3 Year 23.2% 5 Year 20.1% 10 Year 15 Year Since launch 18.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.3% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 7.45 Yr. Ritika Behera 7 Oct 23 0.48 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 26.43% Consumer Cyclical 13.05% Industrials 10.19% Technology 9.11% Health Care 8.33% Consumer Defensive 8.12% Basic Materials 7.43% Energy 6.62% Communication Services 2.93% Utility 2.88% Real Estate 0.73% Asset Allocation
Asset Class Value Cash 4.18% Equity 95.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹358 Cr 3,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹330 Cr 2,350,000
↑ 150,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹321 Cr 1,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹237 Cr 2,200,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹234 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹180 Cr 2,400,000
↑ 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹143 Cr 1,275,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS2% ₹143 Cr 1,500,000
↓ -300,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325552% ₹134 Cr 4,000,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS2% ₹132 Cr 321,877
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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