AskTheExpert

ELSS

Q:I am planning to invest Rs.50,000 in ELSS as I heard it gives us tax benefits and growth of money. which ElSS is best?

Answer:ELSS investments are deductible under Sec 80C (investments upto 1 lakh). You could invest in Sundaram BNP Paribas Tax Saver and HDFC Tax Saver funds. They are both good performers and have a long track record. There is a lock in of 3 years; we recommend to opt for either Dividend Payout option or Growth; the best way to invest is through SIP (Systematic Investment Plan)

For more info, see the following article on InvestmentYogi:

http://investmentyogi.com/cs/blogs/taxes/archive/2008/02/13/understanding-elss.aspx

                                                        

Warm Regards,
From Your Expert @ InvestmentYogi

Published Oct 19 2009, 12:27 AM by Yogi
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Comments

 

irshad said:

INVESTING IN ELSS IS THE BEST SAVING AND TAX SAVING METHOD.ONE SHOULD BE BEWARE OF THE ULIP SCHEMES. IN THE NAME OF SAVINGS ALONG WITH THE INSURANCE ,ACTUALLY PEOPLE ARE BEING CHEATED BE THE INSURANCE AGENTS AND COMPANIES, WHO ARE NEVER TRANSPARENT .THEY ARE SIMPLY EATING UP THE INVESTORS  HARD EARNED INVESTMENT AMOUNT.AND THIS IS ONLY REALISED BY THE INVESTORLATER ON WHEN GOES FOR THE REDEMPTION OF HIS INVESTMENT

June 12, 2010 12:49 AM

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