Religare Invesco Tax Plan - Invest Online
An open-ended Equity Linked Savings Scheme (ELSS) with a lock-in period of 3 years seeks to generate long-term
Fund Suitability
Investors looking for wealth creation over the long-term
Investors looking for tax deduction under Section 80C of the Income-tax Act, 1961
capital growth from a diversified portfolio of predominantly equity and equity related securities.
Following are the advantages of ELSS Funds:-
Lock-in Period:
Tax Saver Funds have a lock-in period of just 3 years – in comparison, the other tax saving
instruments like NSC/Bank Fixed Deposits/PPF have a minimum lock-in period of 5 to 6 years.
Return Potential:
Tax Saver Funds invest in equities; which despite the short-term volatility have the potential to
build wealth over the long-term. As these funds have 3 years lock-in, the fund manager tends to deploy majority of
the assets in equity with a long-term perspective; thus having the potential to deliver returns over the long-term.
Tax Free Dividends:
The dividends which you receive for your investments in Tax Saver Funds are completely tax
free in your hands, as per the current tax laws.
Tax Free Profits:
When compared to some prescribed investments under Section 80C of the Income-tax Act, 1961,
options like NSC and Bank Fixed Deposits where your money gets locked in for 5-6 years and you have to pay tax on
interest accrued/earned, your investment in Tax Saver Funds can be withdrawn after 3 years. Currently, capital
gains if any, arising at the time of redemption are exempt from tax thus allowing you to keep more of what is yours.
Tax Exemption Twice in 6 years:
You can withdraw your tax saver funds at the end of 3 years and if you reinvest
the same*, you get tax exemption twice in six years compared to just once in case of NSC.
*Mutual Fund investments are subject to market risks. There is no assurance or guarantee that the amount at the time of redemption
will be equal to the original amount of investment.
Investment Strategy & Portfolio Construction Guidelines
Well diversified portifolio with a growth bias.
The fund invests across market cap and sectors utilizing the bottom up approach.
The fund has significant allocation to midcaps and owns our best largecap & midcap ideas.
The fund uses stock selection, capitalisation bias & sector allocation to generate alpha.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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