Vinvestmentofindia: January 2020

Comparison between ELSS and other tax-saving methods

There are a plethora of savings schemes to help you build your wealth, such as FD, PPF and NSC to name a few. But the returns from these schemes are taxed. This is where ELSS stands out with its dual-benefit – its returns are generally higher & partially taxable (Returns are not taxable until 31 March 2018. After 31 March 2018, returns will be taxable at a concessional rate of 10% if gains are over and above Rs. 1 lakh. This coupled with a mere lock-in period of 3 years is all the more reason for you to invest in ELSS now.

Investment	Returns	Lock-in Period	Tax on Returns
5-Year Bank Fixed Deposit	6% to 7%	5 years	Yes
Public Provident Fund (PPF)	7% to 8%	15 years	No
National Savings Certificate	7% to 8%	5 years	Yes
National Pension System (NPS)	8% to 10%	Till Retirement	Partially Taxable
ELSS Funds	15% to 18%	3 years	Partially Taxable

Section-80C of the Indian Tax Act allows deduction upto Rs. 150,000 from your total annual income. Yet, many taxpayers find a major chunk of this getting consumed by mandatory deductions.

Best Performing ELSS Tax Saving Mutual Funds FY 20 - 21 Fund NAV Net Assets (Cr) Rating 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Tata India Tax Savings Fund Growth ₹19.5926 ↑ 0.02 ₹2,063 ☆☆☆☆☆ 7.3 6.1 15.4 13.8 11.5 13.6 DSP BlackRock Tax Saver Fund Growth ₹52.765 ↑ 0.12 ₹6,186 ☆☆☆☆ 6 9 17.4 12.4 10.6 14.8 Invesco India Tax Plan Growth ₹55.03 ↑ 0.20 ₹977 ☆☆☆ 7.7 9.7 12.7 13.4 10 9.4 HDFC Long Term Advantage Fund Growth ₹380.36 ↓ -0.19 ₹1,403 ☆☆☆ 7.3 4.1 10.9 12.4 9.7 10.1 Kotak Tax Saver Scheme Growth ₹48.566 ↑ 0.11 ₹1,030 ☆☆☆ 10.4 8.8 16.8 13 9.6 12.7 Aditya Birla Sun Life Tax Relief '96 Growth ₹32.99 ↑ 0.11 ₹9,998 ☆☆☆☆ 7.8 9.6 8.2 12.5 9.5 4.3 L&T Tax Advantage Fund Growth ₹57.468 ↑ 0.25 ₹3,396 ☆☆☆☆ 9.4 7.5 9.7 10.9 9 4.6. Read more at: https://www.fincash.com/l/best-elss-tax-saving-mutual-funds

Tata India Tax Savings Fund Growth ₹19.5926 ↑ 0.02 ₹2,063 ☆☆☆☆☆ 7.3 6.1 15.4 13.8 11.5 13.6 DSP BlackRock Tax Saver Fund Growth ₹52.765 ↑ 0.12 ₹6,186 ☆☆☆☆ 6 9 17.4 12.4 10.6 14.8 Invesco India Tax Plan Growth ₹55.03 ↑ 0.20 ₹977 ☆☆☆ 7.7 9.7 12.7 13.4 10 9.4 HDFC Long Term Advantage Fund Growth ₹380.36 ↓ -0.19 ₹1,403 ☆☆☆ 7.3 4.1 10.9 12.4 9.7 10.1 Kotak Tax Saver Scheme Growth ₹48.566 ↑ 0.11 ₹1,030 ☆☆☆ 10.4 8.8 16.8 13 9.6 12.7 Aditya Birla Sun Life Tax Relief '96 Growth ₹32.99 ↑ 0.11 ₹9,998 ☆☆☆☆ 7.8 9.6 8.2 12.5 9.5 4.3 L&T Tax Advantage Fund Growth ₹57.468 ↑ 0.25 ₹3,396 ☆☆☆☆ 9.4 7.5 9.7 10.9 9 4.6. Read more at: https://www.fincash.com/l/best-elss-tax-saving-mutual-funds

1) Tata India Tax Savings Fund

2) Axis Long Term Equity Fund

3) DSP Tax Saver Fund

4) Kotak Tax Saver

Kotak Tax Saver

Kotak Tax Saver. Read more at: https://www.fincash.com/l/best-elss-tax-saving-mutual-funds

5) Invesco India Tax Plan

6) Franklin India Taxshield

Franklin India Taxshield Direct Growth

Who Can Invest in ELSS Fund?. Read more at: https://www.fincash.com/l/best-elss-tax-saving-mutual-funds

Best ELSS mutual funds to invest in 2020
- Motilal Oswal Long Term Equity Fund
- Aditya Birla Sun Life Tax Relief 96
- Invesco India Tax Plan
- Axis Long Term Equity Fund
- Mirae Asset Tax Saver
- DSP Tax Save

Financial Advisor

Stock Marker NSE BSE FO

Mutual Fund

Health Insurance

Contact

Vinvestment of India

Avinash Lokhande

Mobile 9229462212

Vinvestmentofindia

Wednesday, 22 January 2020

Comparison between ELSS and other tax-saving methods

Jio 5G launch at Reliance AGM

Report Abuse