You can get a list of all the top tax savings
Mutual Funds in India at ELSS -Value Research Online. There
are a few things you should remember on ELSS Funds (as tax saving Mutual Funds
are called).
1. They provide tax exemptions under section 80C up to a maximum of Rs. 1.5
Lakhs per year.
2. They have a three year lock in. You cannot take any money out.
3. They give way more than 9% returns. They should give you returns of 17% or more over a ten year period based on historical performance. In any given year, though, your returns could be anywhere from -50% to +200%.
4. Returns are not guaranteed
Interested in investing? Write to us at SphereGreen.Investments@gmail.com
2. They have a three year lock in. You cannot take any money out.
3. They give way more than 9% returns. They should give you returns of 17% or more over a ten year period based on historical performance. In any given year, though, your returns could be anywhere from -50% to +200%.
4. Returns are not guaranteed
Interested in investing? Write to us at SphereGreen.Investments@gmail.com
No comments:
Post a Comment