ELSS category over the years
|1 year||2 years||3 years||4 years||5 years||7 years||10 years|
Crisil - AMFI ELSS Fund
|NIFTY 50 Index - TRI||11.86%||15.95%||7.38%||12.25%||13.63%||9.54%||9.18%|
|Value of Investment (in Rs.)||1,66,410||2,07,200||1,91,117||2,80,028||3,46,668||3,52,454||4,63,802|
ELSS Returns as compared to their investment avenues
Foresight and Future
Everyone wants to grow their wealth and have a happier future. That said, choose the ELSS best suited for your goal.
Don’t get lured by funds that may have shown spectacular funds in the short term. Stability and performance over the long run matter more than a short-term gain
Review the performance of the fund you wish to invest in. Look at the performance over a range of 3 to 5 years before taking the plunge.
ELSS comes with a lock-in of 3 years. *Investment up to 1.5 lakhs in ELSS is eligible for deduction from taxable income under Sec 80C of the Income Tax Act, 1961. This implies that the Indian residents below the age of 60 years whose total income does not exceed 50 lakhs for FY 17-18. Tax savings may vary depending on the applicable tax slab. Investors are advised to consult his/her own Tax Consultant with respect to the specific amount of tax and other implications arising out of his/her participation in ELSS.