Planning your taxes and investments simultaneously? Then Equity Linked Savings Schemes or ELSS is one option to explore.
ELSS is a type of mutual fund that helps you save tax up to ₹1.5 lakh under Section 80C while also letting your money grow over the long run. Invest for just 3 years to get the tax benefit.
The power of compounding kicks in with ELSS since your returns are reinvested, and you earn interest on interest. This can create wealth surprisingly fast. Historically, ELSS funds have offered 12-15% annualized returns over 10-15 years.
Better still, you can invest in stocks without commission through a simplified investment process. Top ELSS funds like HDFC and UTI let you start investing from as low as ₹500 via SIP.
Take control of your finances—calculate your tax liability, set aside the extra amount in ELSS, and watch your wealth multiply. Best of all, in the future, you will thank the present for the tax breaks and healthy investments!
So don’t delay. Start benefitting from ELSS today and gain financially and tax-wise in the long run. Planning is thinking ahead; invest wisely!
