ELSS

ELSS: Equity Linked Savings Scheme

What is an ELSS Mutual Fund?

While it is a type of mutual fund, ELSS allows for one time investment plan vol:4.4k like lump sum investments.ELSS (Equity Linked Savings Scheme) Mutual Funds are equity-oriented funds that offer tax-saving benefits while aiming for long-term financial goals. Investments in ELSS funds qualify for tax deductions under Section 80C of the Income Tax Act, making them popular among investors seeking tax efficiency. Optifin Advisors also offer this tax saving opportunity with ELSS funds, ensuring your financial goals align with smart tax planning.

  1. Short Lock-in Period: ELSS funds have a lock-in period of just 3 years, which is the shortest among all tax-saving investment options eligible under Section 80C.
  2. Diversified Portfolio: These funds invest in a diversified portfolio of equities, which helps in reducing investment risk while capturing growth opportunities across different sectors.
  3. Potential for Better Returns: ELSS funds historically have the potential to deliver higher returns compared to traditional tax-saving options like PPF (Public Provident Fund) due to their exposure to equity markets.

Investors looking to save taxes and achieve long-term financial growth often find ELSS funds beneficial due to their dual advantage of tax savings and potential for higher returns.

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