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Equity Linked Savings Scheme: Difference between revisions
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A '''Equity Linked Savings Scheme''', popularly known as '''ELSS''', is a type of diversified equity scheme which | A '''Equity Linked Savings Scheme''', popularly known as '''ELSS''', is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in [[India]].<ref>http://economictimes.indiatimes.com/mf/analysis/tax-saving-recycling-your-elss-investments-is-a-very-bad-idea/articleshow/56512440.cms</ref><ref>[http://www.business-standard.com/article/pf/five-mistakes-to-avoid-when-investing-in-an-elss-fund-117011600370_1.html Five mistakes to avoid when investing in an ELSS fund]</ref> They offer tax benefits under the Section 80C of Income Tax Act 1961.<ref>{{cite web|url=http://www.moneycontrol.com/mutual-funds/performance-tracker/returns/elss.html|title=Funds aimed at enabling investors to avail tax rebates under Section 80-C of the Income Tax Act.}}</ref> ELSSes can be invested using both SIP ([[Systematic Investment Plan]]) and [[lump sum]]s investment options.<ref>{{cite web|url=http://economictimes.indiatimes.com/wealth/invest/investment-in-sips-yields-better-returns-than-timing-the-market-study/articleshow/53257429.cms|title=Investment in SIPs yields better returns than timing the market: Study}}</ref><ref>{{cite web|url=http://www.rediff.com/getahead/2005/nov/09sip.htm|title=What's a mutual fund SIP?}}</ref><ref>{{cite web|url=http://economictimes.indiatimes.com/mf/analysis/should-you-invest-a-lumpsum-in-elss/articleshow/56474362.cms|title=Should you invest a lumpsum in ELSS?}}</ref> There is a three years lock-in period, and thus has better liquidity compared to other options like NSC and [[Public Provident Fund (India)|Public Provident Fund]].<ref>http://articles.economictimes.indiatimes.com/2013-02-18/news/37160319_1_equity-fund-lock-in-period-growth-option</ref> Mutual funds are subjective to fluctuations in the market. There were many instances where the money you invested is the same or even lesser after 3 years in a mutual fund. | ||
==See also== | ==See also== | ||
Latest revision as of 08:55, 22 September 2021
A Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India.[1][2] They offer tax benefits under the Section 80C of Income Tax Act 1961.[3] ELSSes can be invested using both SIP (Systematic Investment Plan) and lump sums investment options.[4][5][6] There is a three years lock-in period, and thus has better liquidity compared to other options like NSC and Public Provident Fund.[7] Mutual funds are subjective to fluctuations in the market. There were many instances where the money you invested is the same or even lesser after 3 years in a mutual fund.
See also[edit]
References[edit]
- ↑ http://economictimes.indiatimes.com/mf/analysis/tax-saving-recycling-your-elss-investments-is-a-very-bad-idea/articleshow/56512440.cms
- ↑ Five mistakes to avoid when investing in an ELSS fund
- ↑ "Funds aimed at enabling investors to avail tax rebates under Section 80-C of the Income Tax Act".
- ↑ "Investment in SIPs yields better returns than timing the market: Study".
- ↑ "What's a mutual fund SIP?".
- ↑ "Should you invest a lumpsum in ELSS?".
- ↑ http://articles.economictimes.indiatimes.com/2013-02-18/news/37160319_1_equity-fund-lock-in-period-growth-option
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