Can I invest in two ELSS?
You may consider investing in two or three ELSS funds. However, you may avoid investing in multiple ELSS funds as you could struggle to monitor your investment. Your investment in ELSS qualifies for a tax deduction under Section 80C only up to a maximum of Rs 1.5 lakh per annum.
Which is better one time investment or SIP?
The investor can invest money in a mutual fund through a single transaction if they have a large corpus to invest….SIP vs One-time Investment in Mutual Funds.
| Basis | SIP | One time Investment |
|---|---|---|
| Ideal Investors | It is good for beginners | It is best for educated investors who have a better understanding of markets |
Should you invest in ELSS mutual funds to save tax?
As mentioned above, generally, ELSS Mutual funds tend to offer better returns than most of the equity funds. Therefore, even the investors who do not want to save tax can invest in ELSS Mutual Funds to create wealth over a long run.
How to invest in best ELSS funds in India?
You can make a lump-sum investment or start a SIP to invest in best performing ELSS funds in India. The minimum amount of SIP allowed for investing in ELSS mutual fund is Rs 500. There is no maximum limit for the investment that one can make in the best ELSS funds in India. Why invest with Groww? — ZERO fees !
Is axis long term equity fund ELSS a good investment?
The Axis Long Term Equity Fund is an ELSS Investment Scheme that was launched in December 2009. This is one of the best investment plans to opt for in order to save on income tax payments every year and there are a number of benefits associated with such an investment.
When is the best time to invest in ELSS?
It is an ideal time frame to reap benefits from ELSS from swings of stock market fluctuations. It is also equally good for new investors and retirement individuals to invest, provided a thorough research has been undertaken by them before taking a plunge.