- Which is the best ELSS to invest in 2020?
- Is ELSS tax free?
- What can we do with 1 lakh?
- What business can I start with 2 lakhs?
- What can I do with 2 lakhs?
- Is ELSS safe investment?
- How much can one invest in ELSS?
- Where can I invest 1.5 lakhs?
- Is it a good time to invest in ELSS?
- Which bank is best for ELSS?
- Can I invest in multiple ELSS?
- Is ELSS better than PPF?
Which is the best ELSS to invest in 2020?
Top 10 Elss Mutual FundsFund NameCategoryRatingMirae Asset Tax Saver FundEquity5starQuant Tax Plan FundEquity5starBOI AXA Tax Advantage FundEquity5starAxis Long Term Equity FundEquity4star12 more rows.
Is ELSS tax free?
Better post-tax returns: Except PPF and NPS, ELSS offers better post-tax returns than other 80C investments because long term capital gains of up to Rs. 1 lakh a year from ELSS mutual funds are exempt from income tax and long-term capital gains above Rs. 1 lakh are taxed at 10%.
What can we do with 1 lakh?
10 Best ways to Invest 1 Lakh for good returns1 Mid-cap, Multi-cap Mutual Fund. The first best way to invest 1 Lakh for the good returns is Midcap or Multi-cap Mutual Funds. … 2 ELSS. … 3 Balance Fund. … 4 FMP or Debt Fund. … 5 Equity. … 6 Public Provident Funds. … 7 Sukanaya Samriddhi Scheme. … 8 Bank Fixed Deposit & Tax Saver Deposit.More items…•
What business can I start with 2 lakhs?
Ideas for Startups under 2 LakhsHousekeeping and Cleaning Services. … Accountancy Services. … Mobile / Computer Servicing and Repair Services. … Trip Planner. … Content writing agency. … Android App Development. … 3 Best Strategies that Increase Your eCommerce Business Sales. … 10 Best Famous Fintech Startups in India (2020)
What can I do with 2 lakhs?
5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund. The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years. … National Savings Certificates (VIII Issue) Account. … Fixed Deposits in Banks. … Mutual Funds. … National Savings Time Deposit Account.
Is ELSS safe investment?
ELSS funds are essentially diversified equity funds and carry similar risk as equity funds as they both invest in the equity markets. But in addition to the implied equity risk component, ELSS funds have a three year lock-in period after investment during which the money from the fund cannot be taken out.
How much can one invest in ELSS?
Investments in an ELSS or Equity Linked Saving Scheme qualify for tax deductions under Section 80C of the Income Tax Act. You can invest up to Rs 1.5 lakh in a financial year in a tax saving mutual fund scheme and claim tax deductions on your investments.
Where can I invest 1.5 lakhs?
Scheme nameCategory3-year return (%)Mirae Asset India Equity Fund (G)Multicap12.16ICICI Prudential Bluechip Fund (G)Largecap10.29Principal Emerging Bluechip Fund (G)Large & Midcap14.44L&T Midcap Fund (G)Midcap15.821 more row•Jul 12, 2018
Is it a good time to invest in ELSS?
ELSS investments have given superior returns to investors who have a time horizon of five to seven years. Though volatile in the short run, they can give you higher returns over a long period. Make your investment either as a lump sum or through SIP.
Which bank is best for ELSS?
Top Mutual Fund Schemes to Invest in FY 2018-19Nippon India Tax Saver (ELSS) Direct-G. … LIC MF Tax Plan Direct-G. … Principal Personal Tax Saver Direct. … Canara Robeco Equity Tax Saver Direct-G. … SBI Long Term Equity Fund Direct-G. … Baroda ELSS 96 Direct-G. … BNP Paribas Long Term Equity Direct-G. … Union Long Term Equity Direct-G.More items…
Can I invest in multiple ELSS?
“Generally, the answer is simple. Since you can save only up to Rs 1.5 lakh in a year, one scheme is fine,” says P Srinivasan, Founder of Ace Financial Advisories. Many mutual fund advisors second the opinion. They believe that investors should not invest in more than two ELSS funds in a year.
Is ELSS better than PPF?
PPF is suited for individuals who are absolutely risk-averse and can afford a 15-year lock-in period. Whereas those investors who are willing to take a moderate risk to earn higher returns can opt for ELSS. The best way to reduce risk in ELSS to its minimum is by staying invested for the long term.