The Finance Minister has raised tax breaks under Section 80C to Rs. 1.5 Lakh from Rs. 1 Lakh per year. All things remaining the same, the Finance Minister has given us all an additional Rs. 50,000 to invest in EPF, PPF, Insurance Plans, NSC or Mutual Fund ELSS.
We think the move is a no brainer investment opportunity. Invest all your additional sums in 80C ELSS funds.
Why?
Because the returns from ELSS funds are far, far superior to any other avenue of investment. These are ideal wealth builders.
Just to the side is a simple chart that shows the actual performance of ELSS vs. PPF (which is the best of the rest) from Jan 1 2003 to Jul 1 2014. Simply stated - PPF grew your money from Rs. 1 Lakh to 2.7 Lakhs in 11.5 years, ELSS grew the same money to Rs. 19 Lakhs from Rs. 1 Lakh. If the ELSS fund repeats this performance in the next 11.5 years, then this 19 Lakhs will grow to (hold your breath) Rs. 3.6 Crores Tax Free. The PPF will be exactly Rs. 7.3 Lakhs after another 11 years.
What is the point of guaranteed returns from PPF if they lead to this kind of loss when compared to ELSS?
Write to us now at SphereGreen.Investments@gmail.com to invest in good ELSS funds.
We think the move is a no brainer investment opportunity. Invest all your additional sums in 80C ELSS funds.Why?
Because the returns from ELSS funds are far, far superior to any other avenue of investment. These are ideal wealth builders.
Just to the side is a simple chart that shows the actual performance of ELSS vs. PPF (which is the best of the rest) from Jan 1 2003 to Jul 1 2014. Simply stated - PPF grew your money from Rs. 1 Lakh to 2.7 Lakhs in 11.5 years, ELSS grew the same money to Rs. 19 Lakhs from Rs. 1 Lakh. If the ELSS fund repeats this performance in the next 11.5 years, then this 19 Lakhs will grow to (hold your breath) Rs. 3.6 Crores Tax Free. The PPF will be exactly Rs. 7.3 Lakhs after another 11 years.
What is the point of guaranteed returns from PPF if they lead to this kind of loss when compared to ELSS?
Write to us now at SphereGreen.Investments@gmail.com to invest in good ELSS funds.
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