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Presentation ELSS

This document provides information about equity-linked savings schemes (ELSS) including their benefits, risks, and recommended schemes. ELSS are mutual funds that invest in equities and are eligible for tax deductions up to Rs. 1.5 lakhs under section 80C. They have a 3-year lock-in period. Recommended ELSS schemes include Motilal Oswal Long Term Equity Fund, Aditya Birla Sun Life Tax Relief 96, Axis Long Term Equity Fund, L&T Advantage Fund, and Mirae Asset Tax Saver Fund.

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Karunakar Chittigala
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91 views6 pages

Presentation ELSS

This document provides information about equity-linked savings schemes (ELSS) including their benefits, risks, and recommended schemes. ELSS are mutual funds that invest in equities and are eligible for tax deductions up to Rs. 1.5 lakhs under section 80C. They have a 3-year lock-in period. Recommended ELSS schemes include Motilal Oswal Long Term Equity Fund, Aditya Birla Sun Life Tax Relief 96, Axis Long Term Equity Fund, L&T Advantage Fund, and Mirae Asset Tax Saver Fund.

Uploaded by

Karunakar Chittigala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

• Mutual Fund scheme that invests in equity

instruments.
• Eligible for deduction under section 80C of
Income Tax Act.
• Investment deductions up to Rs.1.50 Lacs (limit
increased from Rs.1 lac to Rs.1.50 lacs) is
eligible.
• ELSS have a lock-in period of three years. This
allows the investors to benefit from the long
term growth potential of equities.
Advantages of ELSS
• Tax free benefits
• Lesser lock-in-period
• Better returns
• Low expenses
Disadvantages of ELSS
• Risk factor
• Premature withdrawal in PPF & bank deposits
• Restriction on withdrawal.
Recommended ELSS Schemes
Company Lunch Aum 3yr 5yr 10yr Expense Return
name date ratio since
lunch
Motilal
Oswal
Long 21 jan 1,159cr 14.87% - - 2.12% 13.06%
Term 2015
Equity
Fund
Aditya
Birla Sun 29 march 7,220cr 13.96% 18.83% 19.72% 1.91% 24.42%
Life Tax 1996
Relief 96
Axis Long
Term 29 dec 17,852cr 12.91% 19.00% - 2.08% 17.07%
Equity 2009
Fund.
Recommended ELSS Schemes
Company Lunch Aum 3yr 5yr 10yr Expenses Return
Name date ratio since
lunch

L&T
Advantag 27 feb 3,208 cr 14.49% 15.84% 2.15% 13.69%
e Fund 2006 -

Mirae
Asset Tax 28 dec
Saver 2015 1,252cr 20.24% - - 2.03% 18.13%
Fund

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