Did you lose 34,00,000?
Already have an account?
They say a penny saved is a penny earned. We say every penny not earned is a penny lost. Smart investors would have earned up to Rs. 34 lakhs more out of their tax-saving investments.
1) Are you losing out on an opportunity to do the same?
2) Wondering how you could have made those Rs. 34 Lakhs?
* We're not going to beat around the bush.
* Every year you probably invest under Section 80C to save on taxes.
* The Public Provident Fund (PPF) is something that most prefer.
So, we compared investments in PPF and ELSS (tax-saving mutual funds) over the last 16 years.
Rs. 50,000 invested every year in PPF grew to Rs. 17,35,017.
Rs. 50,000 invested every year in an ELSS Fund* grew to Rs. 52,17,822.
Most other tax-saving options are fixed-income instruments whose rates are similar to PPF rates. And unlike PPF, interest earned on these instruments are taxed, which further reduces your return. Long-term capital gains on ELSS funds are tax-free!
The maximum investment limit under Section 80C is currently Rs. 1,50,000. By investing in ELSS funds, you can save up to Rs. 46,350# on taxes. Even better, you are building wealth at superior rates of return*.
Choose the smart way to save on taxes. Invest in FundsIndia's expert recommended best performing ELSS Funds now!
3 Year Returns (%)
5 Year Returns (%)
|Franklin India Taxshield(G)||11.44||16.33|
|DSP Tax Saver Fund-Reg(G)||13.79||17.41|
|Aditya Birla SL Tax Relief '96(G)||14.05||18.9|
|Axis Long Term Equity Fund(G)||12.68||18.95|
Please note, it is advisable to get a portfolio tailored to your needs. Please consult an investment advisor before you invest.
Click here to know more on Tax Saving Mutual Funds
Past performance may or may not be sustained in futurePoint-to-point returns as of 16/01/2019.
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