What will happen ELSS before 3 years?
The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount. It is to these units that the lock-in period applies.
Is ELSS closed ended?
Close-ended ELSS only takes investment during the NFO (New Funds Offer) period and after that, they are closed for investments.
Which is the best ELSS fund to invest?
Top 5 tax saving ELSS mutual funds to invest in 2021 Axis Long Term Equity Fund BOI AXA Tax Advantage Fund Canara Robeco Equity Tax Saver Fund DSP Tax Saver Fund Mirae Asset Tax Saver Fund. The actual selection of stocks within the industry also matters. In addition, diversification across large-mid-cap stocks also determines the returns in the long run.
What is difference between ELSs and mutual funds?
Returns earned Every investor looks to invest in a scheme that offers them the best returns. Lock-in period ELSS funds have a lock-in period of three years. Tax implication As per the Section 80C, investors can avail tax-exemption up to limit of Rs. Risk factor Equity-linked investment schemes have a direct connection to the stock market.
What are the best mutual funds to invest in India?
Franklin India Bluechip Fund is first best mutual fund in large-cap category. If you look at fund performance, this fund has given consistent positive returns to investors in last six years. This fund is managed by experienced fund manager Mr.Anand Radhakrishnan.
Do ELSS funds give better returns than PPF?
So where PPF returns average around 8\%, tax saving ELSS mutual funds have the potential to deliver a much superior return – a 12\% to 15\% average returns is possible, but not guaranteed. And the top best ELSS funds have given much better returns than these average returns.
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