Hurry Up – Best Tax Saving Plan is Here

Time is running out for tax saving. If you have still not completed your tax planning for 2016-17, don't panic. One of the Best option for Tax saving is ELSS that offers good returns and has short lockup duration. The whole process of investing in ELSS is now online .You can complete the transaction in just few minutes.

The returns generated by ELSS funds in the past are well above the other tax saving options. The category has generated 18.69% annualised returns in the past three years and 17.46% in the past five years. ELSS funds also offer benefits of low cost, transparency, tax efficiency and liquidity. There is no entry load. Returns are tax free because long-term capital gains from equity funds are exempt. These funds have the shortest lock-in period of three years.

As we have often recommended, SIPs are the best way to invest in equity funds for long term investors. Since we are already in the last quarter, you may not be able to invest in ELSS through SIPs now but you should consider it for the next year. 

is no entry load. Returns are tax free because long-term capital gains from equity funds are exempt. These funds have the shortest lock-in period of three years.

RR Research/Why Wait till March Start Your Tax Saving Now/19/Jan/2017.