You read my article on how to get a lot more amount of tax saving benefits under section 80C. Today I share how you don’t invest a single penny and yet get the full tax benefit
Understand all the tax components aka LTCG, tax on dividend and DDT for investing in equities (stocks or equity mutual funds) for the longer-term and then see if growth is a better choice of investment over dividend option or not
ELSS tax saving funds have a lock-in period of 3 years which makes investors remain invested for the long-term. When new investors check the return for the funds, they are positively surprised. But it also makes them feel ELSS funds is the only route to building wealth.
Let us take a top-down approach to the top-performing mutual funds for the past 1 year and come up with the best ELSS tax saving fund to invest in 2018.
Did you know that you can save taxes on the Rs 1 lac limit (the limit under Section 80C) yet invest much less than that? Sounds impossible, doesn’t it? I have done the same last year and will be doing the same this year.