ELSS – Renuka Jain

ELSS

These schemes offer tax rebates to the investors under specific provisions of the Income Tax Act, 1961. E.g. PF, PPF, LIC, ULIPS, Equity Linked Savings Schemes (ELSS). Pension schemes launched by the mutual funds also offer tax benefits.

Equity Linked Saving Schemes (ELSS): ELSS (Equity Linked Saving Schemes) is a mutual fund similar to any diversified equity mutual fund that routes your investmentsinto equity markets. However, it stands apart from a regular mutual fund in one major way. ELSS (Equity Linked Saving Schemes) carries a tax benefit on the amount invested, and therefore you have to lock-in your investment in an ELSS for three years.

As the name of the scheme very clearly suggests, it is a tax saving scheme that’s linked to equity. These schemes are growth oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme.Few most important features of Equity Linked Saving Schemes (ELSS).

Features of ELSS (Equity Linked Saving Schemes):

Proxy route to directstock investments
Lock-in feature provideslong-term investing discipline
Provides tax saving benefits and the potential for higher returns
Flexibility to investsmall amounts through an SIP (SYSTEMATIC INVESTMENT PLAN)who can buy? Section 80C of the Income Tax Act providestax benefitsto a person who buys units of ELSS, either in his own name or jointly. Individuals,what is the minimum & maximum amount of investment? Investments can be made through a systematic investment plan (SIP) or lump sum.

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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

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AMFI Registered Mutual Fund Distributor | ARN- 5042 | Date of initial Registration: 11-04-2003 | Current validity: 26-10-2025