Which ELSS fund is best in 2021?
Table of Best ELSS Funds for 2021:
| Fund Name | Returns (%) | |
|---|---|---|
| ICICI Prudential Long Term Equity | 54.17 | 14.33 |
| Motilal Oswal Long Term Equity | 59.58 | 13.20 |
| Tata India Tax Savings | 46.96 | 13.28 |
| Nippon India Tax Saver | 59.16 | 7.97 |
Which is best ELSS mutual fund?
Quant Tax Plan. EQUITY ELSS. Current Value₹13.76 Lakh.
Is ELSS available for NRI?
Equity-linked saving schemes (ELSS) allow tax saving under Section 80C of the Indian Income Tax Act. An investment of up to ₹ 1.50 lakh in ELSS can be claimed as deduction from taxable income in India. These tax-saving benefits are available to both Indian residents and NRIs.
Is ELSS taxable after 3 years?
The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors. You can continue to invest in this scheme even after the completion of the lock-in period of three years.
Is Axis Bluechip fund ELSS?
Axis Long Term Equity Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. *As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to Rs.
What if I sell ELSS before 3 years?
Can ELSS be Withdrawn Within 3 years? The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount.
Is ELSS better than PPF?
However, PPF offers much lower returns over a longer time horizon than ELSS. The tax benefits and capital safety are more in favour of PPF; ELSS certainly is an option for better returns. It depends on whether you have the appetite for market volatility or not.
Can NRI get 80C benefits?
Deductions Under Section 80C Most of the deductions under Section 80 are also available to NRIs. For FY 2019-20, a maximum deduction of up to Rs 1.5 lakhs is allowed under Section 80C from gross total income for an individual.
Do NRI pay tax on mutual funds?
NRI investors often worry that they will have to pay double tax when they invest in India. Holding the fund for more than three years will result in a 20% tax on the long term capital gains with indexation benefit. You have LTCG on un-listed mutual funds taxed at the rate of 10% without the indexation benefit.
What if I withdraw ELSS before 3 years?
Is Axis Bluechip fund tax free?
This is an equity fund which means that a minimum of 65% of the fund’s assets will be invested in the stock market. This is a diversified fund that will invest across sectors and industries. The main purpose that it serves is helping you in availing tax deductions under Section 80C of Income Tax Act, 1961.
How much can I invest in ELSS mutual fund?
Investments in ELSS mutual funds are eligible for tax benefits under section 80C of the Income Tax Act. You can save up to Rs 1.5 lakh per year by investing in ELSS mutual funds. It is worth noting that ELSS mutual funds come with a lock-in period of three years. This period is less than most other investment avenues available under section 80C.
How does equity linked saving scheme ( ELSS ) work?
ELSS or Equity Linked Saving Scheme funds are tax saving mutual funds, in which the majority of the funds are invested in equity schemes. The investments in ELSS receive tax benefit under section 80C of the Income Tax Act. What is the lock-in period in ELSS Mutual Funds?
Which is the best ELSS mutual fund in India?
4. Top Performing ELSS Funds Fund Name 3-year Return (%)* 5-year Return (%)* Quant Tax Plan 34.40% 23.49% Canara Robeco Equity Tax Saver Fund 26.17% 20.28% Axis Long Term Equity Fund 22.33% 18.57% Invesco India Tax Plan 20.6% 17.12%
Which is better ELSS or employee provident fund?
When you are a salaried employee, there is a certain amount that goes towards Employee Provident Fund (EPF) which is a fixed income product. If one wants to balance out risk & return on their investment portfolio then ELSS is the best option.