Save Tax with IDFC Tax Advantage (ELSS) Fund
Equity Linked Saving Scheme (ELSS) is a category of mutual fund that lets you invest in equity market for long term wealth creation while also letting you save on tax!
Just like other mutual funds, these are professionally managed and typically hold investments across sectors and market caps.
Investments in the ELSS category qualify for a deduction of upto INR 1.5 lakh from one’s income under section 80C of the Income tax Act, 1961, just like a 5 year Bank Fixed Deposit, PPFs or other such schemes.
However, while investing in such mutual funds, one must remember that these schemes invest in equity markets. So while they have the potential to generate higher returns than the traditionally available tax saving options (like a 5 year Bank Fixed Deposit, PPFs or other such schemes), these are market linked and hence could be volatile especially over a short period of time. Therefore one must have the necessary risk appetite while investing in equity market related schemes.
IDFC Tax Advantage (ELSS) Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The fund follows a growth-at-a-reasonable-price philosophy. It follows a multi-cap oriented approach. The fund invests in companies based on a deep understanding of the industry-growth potential and interaction with managements.
An investor can invest in a disciplined manner with as low as INR 500 every month into this scheme via the systematic investment plan (SIP) mode and avoid the last minute tax hassle.
We believe, ELSS scheme is a resolution that works for years to come – IDFC Tax Advantage (ELSS) Fund doesn’t just save tax but seeks to grow your money. Just like you don’t leave planning for your vacations to the last minute, plan your taxes in advance as well.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
The Disclosures of opinions/in house views/strategy incorporated herein is provided solely to enhance the transparency about the investment strategy / theme of the Scheme and should not be treated as endorsement of the views / opinions or as an investment advice. This document should not be construed as a research report or a recommendation to buy or sell any security. This document has been prepared on the basis of information, which is already available in publicly accessible media or developed through analysis of IDFC Mutual Fund. The information/ views / opinions provided is for informative purpose only and may have ceased to be current by the time it may reach the recipient, which should be taken into account before interpreting this document. The recipient should note and understand that the information provided above may not contain all the material aspects relevant for making an investment decision and the security may or may not continue to form part of the scheme’s portfolio in future. Investors are advised to consult their own investment advisor before making any investment decision in light of their risk appetite, investment goals and horizon. The decision of the Investment Manager may not always be profitable; as such decisions are based on the prevailing market conditions and the understanding of the Investment Manager. Actual market movements may vary from the anticipated trends. This information is subject to change without any prior notice. The Company reserves the right to make modifications and alterations to this statement as may be required from time to time. Neither IDFC Mutual Fund / IDFC AMC Trustee Co. Ltd./ IDFC Asset Management Co. Ltd nor IDFC, its Directors or representatives shall be liable for any damages whether direct or indirect, incidental, punitive special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information.