Top Equity Linked Savings Schemes (ELSS): To Invest In 2016

Sunday, February 28th, 2016 Amritesh no responses 695 Views

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.

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. 

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities. Readers are advised to research further to have more clarity on the topic. It is very important to do your own analysis and consult your Financial Advisor before making any investment based decision.

Amritesh is an experienced professional in the field of HR, Finance and Compliance. He is currently working in the IT Industry with an US based firm. He took up Blogging as a hobby which eventually turned into passion. He primarily focuses on topics related to Personal Finance, HR, Compliance and Technology.

All the opinions/suggestions/views expressed on this blog are just for sharing information. Readers are requested to consult their respective financial advisers and experts before taking any decision. Views shared through post or comments are personal opinion meant for reference of the readers. These should not be considered as Investment Advice or Legal Opinion. The Blog or the Author does not take any responsibility regarding any such action taken by any Individual.
Amritesh on FacebookAmritesh on GoogleAmritesh on InstagramAmritesh on LinkedinAmritesh on PinterestAmritesh on TwitterAmritesh on Youtube

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a Reply

Notify of