Top Equity Linked Savings Schemes (ELSS): To Invest In 2016 hard-reset.net

Equity Linked Savings Schemes
(ELSS) mutual funds is one of the best investment cum tax saving option
available to the Individuals, who are looking at tax saving investment schemes.
Previously, I have discussed about  the 
Features and Benefits of Investing in ELSS,
the links to the post is provided below:-

In this post I will discuss
about the Top ELSS plans one may consider for Tax Saving as well as Investment.
ELSS plan is a viable investment cum tax saving option in the current scenario
as the markets have been underperforming for quite some time now. This means
you will acquire more units at a lower NAV which promises better returns on the
investment in the future. However, investment in Mutual Funds are prone to
market risks and fluctuations so Individuals should invest on based on their appetite
to take risk.
The features of ELSS plan which
makes it an attractive Investment option is:-
  • Short Lock in period for the
    Investment. (3 years)
  • Tax Exemption on the Investment
    as well as on Maturity Sum.
  • Easy to Invest.
  • Professional Management of
    Funds to ensure you get better returns on your Investment.

Here are the TOP ELSS
Investments plans based on their performance over the years. I have only
considered Funds which are operational for 5 years or more.




AXIS LONG TERM EQUITY FUND (G)

BIRLA SUN LIFE TAX RELIEF ’96 (G)

FRANKLIN INDIA TAX SHIELD (G)

BNP PARIBAS LONG TERM EQUITY (G)

RELIGARE INVESCO TAX PLAN (G)

ICICI PRU LONG TERM EQUITY (TAX SAVING)


ELSS schemes are prone to
market fluctuations and downtrends, Individuals should keep it in mind before investing.
However such market risks are temporary in nature and instead of backing out,
one should hold on and wait patiently for the tide to get over. It has been
observed that if one remains invested in the Fund over a longer period (5/10
years) the return on Investment is much higher as compared to other fixed
return investment schemes. 
 

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