FULL FORM OF ELSS

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   ELSS stand for Equity Linked Saving Schemes. Like other investments option to save tax ELSS is one of the most likely saving schemes. It is diversified equity mutual funds which invest the main part of money in equity and equity related securities. The fund managers asses the companies and sectors that have strong potential growth and invest the money into it.

TYPES OF ELSS  

      ELSS is mainly of three types.

GROWTH OPTION

    In this option investment is made for the long term. The investors will get the benefit at the end of the tenure that will help in improving the investment over period of years. The return will be completely depend upon the market return. Though investment is made for a long term there is more chance to be benefited on the investment.

DIVIDEND OPTION

     In this option the investors gets the timely benefit of dividends as compared to the wholesome amount at the end is called the dividend option. The dividend that investor get is not liable for taxation.

DIVIDEND REINVESTMENTS OPTION

      In this option investors has the option to reinvestments the dividends received again it will increase the investment amount hence the return will be good after a certain period of time.

BENEFIT OF ELSS

  •      A minimum lock in period for 3 years that is considerably less in compare to other mutual funds and saving schemes.
  •      ELSS can earn high returns compare to other savings schemes.
  •      After lock in period if investment is withdrawn it will be  100% tax free.
  •      It works on the principle of power of compounding that will help to get good return.
  •      There is no maximum limit to invest.

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