tax saving mutual fund are best way to save money
Never delay your tax planning. Be prepare to save money by investing money on tax saving mutual fund.
As you know very well, ELSS (equity linking saving scheme) is one of popular way to earn robust return and save also tax on your income. However, Equity mutual fund scheme comes with open ended entry and exit mode. ELSS mutual fund comes with 3 years lock-in period and tax benefits.
Risk you must know before buy ELSS mutual funds
- Stock market risk – As you invest in equity mutual, this all money invested in equity traded on stock market.
- No assured return – No mutual fund comes with fixed return assurance
Benefits – you can get
- Long term capital appreciation – Yes as market and equity soar also your money invest
- Tax benefits – Money you invest in each period accumulate in longer term.
Best way to enter in ELSS mf
There are two popular methods most investor like to use sip and lump sum. But SIP is one of most preferable method to invest in equity ELSS mutual fund.