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ELSS Mutual Funds.

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Presentation on theme: "ELSS Mutual Funds."— Presentation transcript:

1 ELSS Mutual Funds

2 Introduction ELSS mutual funds as name suggests serves for the purpose of tax savings. It is open ended equity mutual funds It has shortest lock in period. ELSS Mutual Funds have dual advantage of wealth creation and tax saving. The investors have the option of investment in dividend or growth either through SIP or lumpsum mode of payment. Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

3 Why ELSS is Best Tax Saving Investment Options
Highest Returns : The primarily investment of best tax saving mutual funds are equity and equity related instruments. The best about ELSS mutual funds is that it can easily expect over 12% annualised returns while almost all products under section 80C deliver 9% returns. Shortest Lock in period : Among all the products that falls under section 80C ELSS funds come up with shortest lock in period of 3 years. Invest Through SIP : Same as other mutual fund schemes ELSS allows you to make your investment regularly with the help of systematic investment plan (SIP) Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

4 Points to Remember While Investing In ELSS
Risk appetite : As each and every ELSS funds have different way of investment, as market risk to their portfolio of each fund differ from other. If risk appetite is low to moderate opt for schemes make investment in large cap companies. Make your investment in ELSS with long term investment horizon and high risk appetite. Past Performance : It is better to check past performance of funds so compare over 3 – 5 years past records of schemes before making investment in ELSS schemes. Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

5 Comparison Let us compare the different products that falls under section 80C : S.No. Investment Lock In Period Tax Returns (%) 1. ELSS 3 Years 14 – 16 2. Bank FD 5 Years 9.50 3. PPF 15 Years 8.50 4. NSC 5 – 10 Years 5. Life Insurance 0 - 6 Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

6 Know Top ELSS Mutual Funds
DSP Blackrock Tax Saver Fund (G): It is open-ended scheme, which has lock in period of 3 years DSP Blackrock Tax Saver Fund is appreciate the value of capital invested. Reliance Tax Saver Fund (G): It is growth oriented scheme, which is fall under the ELSS fund category Reliance Tax Saver Fund provides excellent returns along with tax benefits. Kotak Tax Saver (G): It is an equity linked saving scheme, Kotak Tax Saver Fund generate long term capital appreciation. Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

7 Continue…. Sundaram Tax Saver (G):
It is an open-ended scheme, which falls under ELSS fund category Sundaram Tax Saver Fund provides minimum amount of investment TATA India Tax Saving Fund (G): It has a compulsory lock in period of 3 years. TATA India Tax Saving Fund provide medium to long term capital gains Franklin India TaxShield Fund (G): It is an ELSS tax saving fund Franklin India TaxShield Fund provides dual advantages of capital appreciation and tax benefits. Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

8 Tax Calculator It is most efficient tool to calculate income tax online. Tax calculator minimize tax liability up to RS. 46,350. It provides two ways of investments: Lump sum SIP It also generate the accurate tax liability after considering various aspects. Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

9 Tax Information Services Online India
Being an investor we must have complete knowledge about investments as tax laws and rules changes every year as per the amendments made in the finance ACT. Here is some tax information we must know as an investor. Income TAX Slabs For Individual Less than 60 Years Total Income Tax Rate Up to Rs. 2,50,000 NIL Rs. 2,50,000 – Rs. 5,00,000 5% Rs. 5,00,001 – 10,00,000 20% More Than Rs.10,00,000 30% Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

10 Total Income Tax Rate Total Income Tax Rate
For Senior Citizens Having Age More Than 60 Years But Less Than 80 Years Total Income Tax Rate Up to Rs. 3,00,000 NIL Rs.3,00,001 - Rs.5,00,000 5% Rs.5,00,001 - Rs.10,00,000 20% More Than Rs.10,00,000 30% Super-Senior Citizens Having Age More Than 80 Years Total Income Tax Rate Up to Rs.5,00,000 NIL Rs.5,00,001 - Rs.10,00,000 20% More Than Rs.10,00,000 30% Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

11 Follow US On : Tax Calculator copyright © 2015-17 mysiponline.com
Best elss tax saving mutual funds

12 Tax Calculator copyright © mysiponline.com Best elss tax saving mutual funds

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