Top 5 ELSS Mutual Funds In 2019 | Explained In Hindi | Policy Planner

Top 5 ELSS Mutual Funds in 2019

What is ELSS?

ELSS basically stands for Equity Linked Savings Scheme (ELSS). There are 3 years locking period in ELSS. Money can’t be withdrawn within 3 years as there are tax savings in ELSS.

ELSS basically comes under section 80C. Rs.1,00,000 can be invested under this section 80C which is basically known as ELSS. PPF and other insurance policies can be issued under section 80C.

Only in mutual funds, there is a locking period of 3 years whereas, in other policies, there is a locking period of almost 5 to 7 years.

Equity Linked Saving Schemes are basically one of the best investing schemes. Taxation in mutual funds is very low as compared to other investments. It was not earlier, but now taxation has started and it is very low as compared to negligible.

There are huge profits on ELSS mutual funds. On Rs.1,00,000 only 10% is applicable to profit and other is free. There is no tax for Rs.5,00,000 in coming time. Do choose ELSS option as it is a tax saving option.

Money basically goes in the bank account of government. Mutual funds are basically performing very well.

Monthly saving equity amount is about Rs.7000 crores going into the market. If FII (Foreign Institutional Investors) withdraw money back, then too there is no effect on the market as it has become very stable in the present condition of the market.

In the coming time, the market will grow and savings will be done. SIPs and one time investments can be done in ELSS mutual funds. For one-time minimum amount is about Rs.5,000 and SIPs are starting from Rs.1,000 in basically ELSS.

There are many options to ELSS such as provident funds and insurance or in fixed deposits of about 5 years but these are worthless. In equity about 3 years, 5 years and 7 years and above period of time, returns can be guaranteed. Above 15% of returns can be gained in ELSS.

Normally there are 40 fund houses present currently. We have basically figured out top 5 mutual funds presently. You can invest by researching in the present situation of the market.

You can invest by researching in the present situation of the market. We can help you any time, so do contact us on our contact number.

So top 5 ELSS funds are as follows:
Axis Tax Saver Fund
HDFRC Tax Saver Fund
Reliance Tax Saver Fund
SBI Magnum Tax Gain 1996
Birla Sun Life Tax Relief 1996

You can check these products on Google. So you can check the track record on Google. If you do SIPs then there will be a compulsory lock-in period of 3 years on withdrawal of money for each and every entry.

For lump sum amount of about Rs.50,000 or Rs.1,00,000, there is a lock-in period of only 3 years.

You can withdraw this money when the market stakes are high and gain more profits. Entry load and exit loads are absent in mutual funds. We suggest you issue 3 mutual funds basically from these top 5 ELSS mutual funds.

There is no point in issuing more mutual funds as the market will remain the same throughout for each and every ELSS mutual funds. Ups and downs also take place in the market of mutual funds but returns remain the same throughout for these mutual funds.

You can get returns above 15% and up to 20% in mutual funds for basically large-cap funds. There are many big fund houses present in the market currently.

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