How to save tax while investing in Mutual Funds?
"Unlock Your Tax-Saving Potential with ELSS - Invest with Bachat MF Dedicated Mutual Fund App by JK Securities!"
Are you tired of paying hefty taxes every year?
Well, we have good news for you! Equity Linked Savings Scheme, commonly known as ELSS, can help you save taxes and earn high returns on your investments.
Let`s start with the basics
What is ELSS? It is a type of mutual fund that primarily invests in equity and equity-related instruments. ELSS offers two investment options - Growth Option and Dividend Option. The Growth Option allows your investment to grow over time, while the Dividend Option provides periodic payouts in the form of dividends.
Taxpayers can invest in certain investments like ELSS funds and claim tax deduction on them. Investors can claim tax deductions of up to Rs 1.5 lakh in a financial year. The financial year comes to an end on March 31.
Now, you must be wondering
How to invest in ELSS? It`s simple! You can invest in ELSS online or through a financial advisor. To invest in ELSS online, you can visit the website of the fund house and follow the instructions to complete the investment process.
When it comes to choosing an ELSS fund, there are several factors to consider. You should look at the track record of the fund, its past performance, and the fund manager`s experience. You should also consider the fund`s investment objective, its asset allocation, and the fees and expenses associated with investing in the fund.
While investing in ELSS
it is important to consider your investment goals, risk appetite, and investment horizon. ELSS is a long-term investment, and you should be prepared to hold your investment for a minimum of three years to maximise returns.
Before investing in ELSS
it is crucial to do your research and consult with a financial advisor if necessary. And, when it comes to investing with the best, you can trust Bachat MF Dedicated MF by JK Securities. With their expertise and experience, you can be sure of making the right investment decisions and maximising your returns.
ELSS is an excellent investment option for those looking to save taxes and grow their wealth over the long term. So, unlock your tax-saving potential and invest in ELSS today with Bachat MF Dedicated MF by JK Securities!
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