Tax Saving Through ELSS in Hindi - Tax Saving Mutual Funds
- 4 years ago
In this video by SBI Mutual Funds, award-winning business journalist, Founder, and Editor-Chief of the Money Mile, Vivek Law will help you understand how to save tax by investing in Equity Linked Saving Schemes – ELSS in Hindi. These schemes offer tax benefits to investors.
Vivek explains how you can invest in an Equity Linked Saving Scheme (Explore the best ELSS Fund here - https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-taxgain-scheme?utm_source=platform-dailymotion-offpage&utm_medium=free&utm_campaign=21-11-2019) through a Systematic Investment Plan. ELSS are diversified funds that come with a 3-year lockdown period. Compared to the other tax-saving schemes, this is the lowest lockdown period. On top of that, they have delivered far better returns than other financial products.
Now, a Systematic Investment Plan or SIP is a disciplined way of investing money every month. The biggest advantage it offers is an averaged out cost of buying your mutual fund units. So when the markets are high, you may get a lesser number of units but when markets fall, you accumulate a larger number of units.
The other important advantage of SIP is the discipline it enforces to invest regularly. Every month a fixed amount is deducted from the bank account and moved to the mutual fund scheme. ELSS fund allows us to invest one and a half lakh rupees earlier to get a tax deduction from the section 80C.
Click here & start investing in SIP today - https://www.sbimf.com/en-us/sip?utm_source=platform-dailymotion-offpage&utm_medium=free&utm_campaign=21-11-2019
Vivek explains how you can invest in an Equity Linked Saving Scheme (Explore the best ELSS Fund here - https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-taxgain-scheme?utm_source=platform-dailymotion-offpage&utm_medium=free&utm_campaign=21-11-2019) through a Systematic Investment Plan. ELSS are diversified funds that come with a 3-year lockdown period. Compared to the other tax-saving schemes, this is the lowest lockdown period. On top of that, they have delivered far better returns than other financial products.
Now, a Systematic Investment Plan or SIP is a disciplined way of investing money every month. The biggest advantage it offers is an averaged out cost of buying your mutual fund units. So when the markets are high, you may get a lesser number of units but when markets fall, you accumulate a larger number of units.
The other important advantage of SIP is the discipline it enforces to invest regularly. Every month a fixed amount is deducted from the bank account and moved to the mutual fund scheme. ELSS fund allows us to invest one and a half lakh rupees earlier to get a tax deduction from the section 80C.
Click here & start investing in SIP today - https://www.sbimf.com/en-us/sip?utm_source=platform-dailymotion-offpage&utm_medium=free&utm_campaign=21-11-2019