{"id":3003,"date":"2021-12-27T10:59:10","date_gmt":"2021-12-27T10:59:10","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3003"},"modified":"2022-01-03T04:38:28","modified_gmt":"2022-01-03T04:38:28","slug":"everything-need-know-before-investing-elss-funds","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/everything-need-know-before-investing-elss-funds\/","title":{"rendered":"Everything You Need To Know Before Investing In ELSS Funds"},"content":{"rendered":"

With the deadline for filing Income Tax Returns (ITR) fast approaching, it\u2019s that time of the year when you will have queries about tax deductions.\u00a0<\/span><\/p>\n

Equity Linked Saving Schemes (ELSS) mutual funds are one of the tax-saving investments under the provisions of Section 80C of the Income Tax Act, 1961.<\/span><\/p>\n

Individuals and Hindu Undivided Families (HUFs) can claim tax deductions of up to Rs 1.5 lakh through contributions to ELSS funds.\u00a0<\/span><\/p>\n

So, keep this in mind when filing your taxes. Don\u2019t forget that the deadline for filing ITRs is December 31. We\u2019ve given some pointers on how to file income tax returns<\/a><\/span>.<\/span><\/p>\n

What are the benefits of investing in ELSS funds?\u00a0<\/b><\/h2>\n

On the Paytm Money App, you can <\/span>invest in an ELSS mutual fund<\/span><\/a> after checking its performance and rating. You can also check the expense ratio, the sectors holding, and calculate how much return you could potentially receive if you pick the fund.<\/span><\/p>\n

There are several funds to choose from, in which asset allocation is usually made towards\u00a0<\/span>equity or equity-linked schemes.\u00a0<\/span><\/p>\n

ELSS funds come with a three-year lock-in period, shorter than some other investment options such as fixed deposits (FDs) and Public Provident Fund (PPF). This means that you cannot redeem your holding until the end of the lock-in period.\u00a0<\/span><\/p>\n

Investing in ELSS funds does involve a fair amount of risk. While they do give high returns, the returns are not guaranteed and are linked to the underlying securities.<\/span><\/p>\n

You can invest in ELSS funds either with a lumpsum amount or via the SIP route. If your risk-appetite is not high, it might be better to invest via the SIP route.\u00a0<\/span><\/p>\n

So while ELSS funds help in wealth creation, do choose wisely and check the details before investing.\u00a0<\/span><\/p>\n

 <\/p>\n

Disclaimers: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Paytm Money Ltd SEBI Reg No. INA100009859\/ NPS ePOP: 269042019. Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. The MF\/FOF\/NFO offering is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to the Exchange investor redressal forum or Arbitration mechanism. Representations made about the performance are not indicative of future results.<\/span><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

With the deadline for filing Income Tax Returns (ITR) fast approaching, it\u2019s that time of the year when you will have queries about tax deductions.\u00a0 Equity Linked Saving Schemes (ELSS) mutual funds are one of the tax-saving investments under the provisions of Section 80C of the Income Tax Act, 1961. Individuals and Hindu Undivided FamiliesContinue reading “Everything You Need To Know Before Investing In ELSS Funds”<\/span><\/a><\/p>\n","protected":false},"author":27,"featured_media":3004,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3003"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3004"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}