How do I invest directly in ELSS?
You can invest in ELSS the same way that you invest in any Mutual Fund. The easiest way is through an Online Investment Services Account. You can invest either as a lump sum or via the SIP (systematic investment plan) route.
How can I invest in tax saver mutual funds online?
Log on to our ELSS calculator. Enter the nature of investment (SIP or lump sum) Enter the amount of investment. Enter the frequency of SIP (if you choose SIP as the nature of investment)
How to choose the best ELSS fund?
Determine Your Tax Slab&Your Taxable Income. The foremost step of investing in ELSS is analysing your tax slab and the taxable Income so that you can utilise
Should your ELSS investment be a lumpsum?
However, since ELSSs are also a tax-saving investment and they come with a mandatory lock-in period, investors have started believing that it is okay to invest a lumpsum in ELSSs. It is strictly okay to invest a lumpsum in them, provided you have a long investment horizon of seven to 10 years.
Should I invest in PPF or ELSS?
People wanting to keep their money safe and gain a steady return should probably invest in PPF. People with low risk-taking capacity should invest in PPF, whereas aggressive investors should like to invest in ELSS. However, PPF gives out high returns at low risk, so it has an advantage in this regard.
What is the best mutual fund?
Top Fidelity Funds