Enjoy double benefit of tax savings under section 80c and wealth creation by investing in tax saving diversified equity (ELSS) funds. ELSS funds generate attractive returns and allow you withdrawal facility from fourth year onwards.
Investguru suggests you the best mutual funds for tax savings and manages your portfolio to provide you the best investment experience.
MIRAE ASSET TAX SAVER FUND-REG(G)
Equity - FLEXI CAP
INVESCO INDIA TAX PLAN(G)
TIP : The minimum invesment requirement to the fund is 1000/- per month only
Create and invest in better and personalised portfolio by discussing your profile, financial goals, existing investments and tax status with qualified and experienced Investguru Advisory Team.
In a dynamic world, regular monitoring of fund performance and progress of financial goals is critical for financial success. Track and manage your investments with ease through Investguru’s Advanced Online Portfolio Tracker.
Get periodic portfolio review report and action plan from your dedicated Investguru Investment Advisor on personal basis. The alerts and notifications for asset re-balancing, financial goals completion, change in fund and more are provided online through the Investguru’s Advanced Online Portfolio Tracker.
Tax saving funds also called Equity Linked Savings Scheme (ELSS), is a type of equity diversified mutual fund which is qualified for tax exemption under section 80C.
There is no upper limit for investment in ELSS. However, tax deduction available from ELSS investment is upto Rs. 1.5 Lakhs within the limits of Section 80C of the Income Tax Act, 1961.
Tax saving mutual funds has a shortest lock-in period compared to other 80C products. Along with the tax deduction, the investor also gets the potential upside of investing in the equity markets.
Yes, investment can be done in ELSS through SIP.
Yes, more amount can be added to existing tax saving fund any number of times.
In Tax saving mutual funds, we can expect returns around 5% over and above prevailing inflation rate. As an indicator, returns in these funds have been 12-15% historically.
There is a lock-in period of 3 years in tax saving funds.
There is no exit load on redemptions from ELSS funds.
No, you can invest if required in the same or different tax saving fund.
No, you cannot withdraw from ELSS till the lock-in period completes.
No, you have to make a request for redemption.
Yes, you can remain invested in the fund as long as you want.
Taxation on gains is dependent upon various factors and can be discussed individually with the financial advisor.
Aadhar and PAN card of the investor are mandatory. Investment can be made through investor’s bank account only.
In case of an unfortunate event, the investment is transferred on nominee’s name after completion of required documentation.
All investments are subject to market risk. However, our researchers make sure that your investments reap you the best possible returns. At any time, if the fund is not performing up to our expectations, we will review and revise your portfolio in order to continue to get the desired result.
A qualified and experienced mutual fund advisor appointed by Investguru manages your portfolio and answers all your queries over your investment journey.
Investguru provides you an online portfolio tracker to view, analyse and manage your investments.
Investguru works as your personal financial advisor. It first understand your needs and suggests you well researched investments on the basis of your current investment profile and future financial needs(goals). It helps you in making these investments online or through physical forms and monitors them on periodical basis.
Investguru believes in reviewing every bit of money invested on regular intervals in order to keep up with the market. Your personal advisor will review your portfolio periodically and suggest you the changes for your portfolio, if needed.
Investguru provides a comprehensive online portal for you to plan and manage your investments better. Our online services helps you investment planning, analysis and updates, keeping track of portfolio progress and providing suggestive changes in your portfolio in line with your personal financial goals.
All investments are subject to market risk. However, our researchers make sure that your investments reap you the best possible returns. At any time, if the investment is not performing up to our expectations, we will review and revise your portfolio in order to continue to get the desired result.
InvestGuru does not charge any advisory fee from the clients. Investguru is directly remunerated by the fund houses and insurance companies.
InvestGuru works with you as your personal financial advisor. We recommends you to invest through us so that we provide the right advice in the beginning and can also keep track of your investments to support you throughout your investment period.
You can redeem your investments either online through your login id and password or by submitting physical forms. You may also let us know your requirement and we will help you to complete the documentation required for redemptions. After the redemption is made, you shall receive the money from the fund house/insurance company directly in your bank account, or through cheque(in some cases).
In that situation, your investments will still be safe and continue to perform as the your money is invested with SEBI registered mutual fund companies or IRDAI regulated insurance companies. The money is not invested or given to Investguru. InvestGuru works as your financial advisor only who maintains and manages your investments as per your goals.
No, investguru does not hold any right to buy or sell funds on your behalf. However, if you express your desire to make changes to your investments portfolio, Investguru will recommend the desired changes and will guide you through the process of making such changes. Any change is possible only with your approval, whether given electronically or through physical forms.
There is no extra risk of investing through Investguru other than the inherent market risks that comes with any investment.