Is ELSS better than MF?

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Is ELSS better than MF?

To conclude the difference between an ELSS and other equity mutual fund schemes is the tax saving and the lock-in period. If you want to invest in equity funds and save tax then ELSS is a better option.

How can I save 50 lakhs in 5 years?

50 lakh in 5 years? – Groww….

  1. Parag Parikh Long Term Equity Fund.
  2. Mirae Asset India Equity Fund.
  3. Axis Focused 25 Fund.
  4. Axis Bluechip Fund.
  5. ICICI Prudential Bluechip Fund.
  6. ICICI Prudential Nifty Next 50 Index Fund.
  7. Franklin India Low Duration Fund.
  8. Franklin India Ultra-Short Bond Fund.

Which MF gives highest return?

  1. Axis Bluechip Fund (Large-Cap)
  2. Canara Robeco Bluechip Equity Fund (Large-Cap)
  3. PGIM India Mid-Cap Opportunities Fund.
  4. Axis Mid-Cap Fund.
  5. Nippon India Small-Cap Fund.
  6. SBI Small-Cap Fund.
  7. Parag Parikh Flexi-Cap Fund.
  8. PGIM India Flexi-Cap Fund.

Is Vanguard voo a good investment?

VOO is an excellent investment over the long term, but the long term can be very long and naive investors can easily bail if they don’t understand what they bought.

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Is ELSS better than equity mutual funds?

The results clearly show that ELSS as a category has performed much better than Equity Mutual Funds, that too the average returns in the category seem to be higher. Why ELSS Over Equity Mutual Funds? Normal equity funds do not have a lock-in, though there is an exit load.

What is the lock-in period of ELSS mutual funds?

ELSS Mutual Funds have a lock-in period of 3 years. What is the maximum tax benefit that can be availed by investing in ELSS every year? Under section 80C, one can avail tax benefit of upto ₹46,800 by investing upto ₹1.5 lakhs per year in ELSS.

How can I maximise returns from my ELSS funds?

However to maximise returns from ELSS funds, it is recommended to keep your investments intact for the maximum duration possible. If you have an ELSS SIP (Systematic Investment Plan), each instalment has a lock-in period of three years, which means each of your instalments will have a different maturity date.

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Are ELSS mutual funds liable for tax deductions?

Investments upto INR 1,50,000 in ELSS Mutual Funds are liable for tax deductions from the income, as per Section 80C of the Income Tax Act. Though ELSS is a type of Equity Funds, it offers various unique features that make it different from the usual equity funds.