Simfi Mutual Fund Service in Pune
A tax saving mutual fund also called the Equity Linked Savings Scheme (ELSS), is a mutual fund scheme that puts resources into equity and equity related securities
Mutual fund experts recommend that it is in every case better to begin your tax-planning exercise toward the beginning of the new financial year.
It makes even more sense if you are planning to invest in Equity Linked Saving Schemes or ELSSs (they are otherwise called tax-saving mutual fund schemes) to spare taxes under Section 80C in this financial year.
Equity Linked Savings Scheme (ELSS) is a differentiated equity mutual fund. It invests your cash in equity offers of organizations crosswise over market capitalization, for example, substantial top/mid-top/little top.
Why Invest in Tax Saving Funds with Simfi:
- Doorstep services for account opening
- Free risk profiling for you
- Ready list of reliable ELSS schemes from reputed fund houses
- Get access to our portal to track your investment
- Reliable and convenient service
Do you know?
- ELSS Mutual Fund investment have lowest locking period of 3 years amongst all other tax saving investment options
- Long term capital gains up to 1 Lac are tax free
- ELSS can give as much as two times higher returns than bank FD or PPF
- You can invest mixed monthly amounts. It is called SIP(Systematic Investment Plan)
- Its proven that SIP lowers your risk in equity mutual funds
- You can rotate your investment every 3 years, virtually taking care of your tax saving investment needs for future without any additional funds
