Tax-Saving Funds
Equity Linked Savings Schemes (ELSS) are a great way to save on taxes while building wealth. These funds invest in equities and offer tax benefits under Section 80C of the Income Tax Act. With a lock-in period of three years, ELSS funds provide the dual advantage of tax savings and potential capital appreciation.
Why Choose Tax-Savings Funds?
Equity Linked Savings Schemes (ELSS) are specialized equity mutual funds that offer tax benefits under Section 80C of the Income Tax Act. ELSS funds have a mandatory lock-in period of three years and primarily invest in equities. They are an excellent option for investors looking to save on taxes while also aiming for capital appreciation.
Tax-Savings Funds Features
Investments in ELSS are eligible for deductions up to ₹1.5 lakh under Section 80C, helping you reduce your taxable income.
ELSS has the shortest lock-in period (three years) among all tax-saving options under Section 80C.
As equity-based funds, ELSS offers high growth potential, making them suitable for long-term wealth creation.
After the lock-in period, you have the flexibility to redeem your investment or let it grow further.
Focuses on capital appreciation, suitable for long-term wealth creation.
Offers periodic payouts in the form of dividends, ideal for investors seeking regular income.
[Types of]
ELSS Funds
Process
Documents Required
We’ve streamlined the documentation process to make it as efficient as possible. Here’s what you’ll need:
Identity Proof:
Aadhaar card, PAN card, Passport, or Voter ID.
Address Proof:
Utility bill, Aadhaar card, Passport, or Driving license.
Bank Account Proof:
Canceled cheque or bank statement.
KYC Compliance:
Complete the KYC process as mandated by SEBI.
How to Apply
Applying for a Mutual Funds with Biyaaj is straightforward:
Tax Planning Consultation:
Discuss your tax-saving needs with a Biyaaj advisor to select the appropriate ELSS.
KYC Process:
Ensure that your KYC is completed or updated through Biyaaj’s platform.
Fund Selection:
Choose the ELSS fund that aligns with your financial goals and tax planning.
Application and Submission:
Fill out the application form and submit the required documents online or offline.
Investment Confirmation:
Upon successful processing, your ELSS units will be allocated, and a confirmation will be sent.
ELSS Funds?
Why Choose Biyaaj?
- Dual Benefits - Biyaaj’s ELSS funds offer tax savings along with high growth potential, making them ideal for long-term investors.
- Expert Management - Our ELSS funds are managed by experienced professionals focused on maximizing returns within the tax-saving framework.
- Ease of Investment - Biyaaj provides a seamless application process, making it easy to invest in ELSS and save on taxes.