Why Invest in Equity Savings Fund?
Why Invest in Equity Savings Fund?
10 Reasons to invest in Equity Linked Saving Schemes (ELSS)
The various reasons for investing in Equity Linked Saving Schemes are as follows:-
1) Tax Benefit under Section 80C
Investments in ELSS are eligible for a tax deduction of up to Rs. 1.5 lakhs from your gross total income.
2) Lowest Lock-in Period
ELSS comes with a lock-in period of just 3 years which is very less in comparison to other schemes such as ULIP and PPF etc. Thus one can withdraw money under this scheme after 3 years.
3) Benefit from Equity Exposure
Since in this scheme money is invested in stock markets hence it serves as a good option for first-time investors to gain certain knowledge of the market.
4) Professionally managed
Such schemes are managed by fund managers who have good knowledge of stock markets and different sectors involved to ensure that it generates good returns for investors.
Why Invest in Equity Savings Fund?
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