Most investors look at the Equity Linked Savings Schemes (ELSS) as a tax- saving product and rush to invest in ELSS at the end of the financial year for saving tax. Ideally, ELSS schemes are the potential long-term wealth creators. Their equity oriented portfolio helps to generate an inflation beaten return over the long run. The better way for salaried investors to invest in ELSS is to start a monthly SIP at any point in time. SIP allows you to invest in small amounts and avail tax benefits along with an opportunity to create wealth. You can refer to the MC30, a curated basket of invest worthy mutual funds that brings you two ELSS schemes that could help you to generate wealth while saving tax.
Trending News
- MHC Digital, Circle collaborate to expand USDC access in APAC region
- Questioning Reality: The Simulated World Dilemma Unraveled
- Using the Motorola Moto G Stylus (2021) Smartphone for Mining VerusCoin (VRSC)
- Kinsale Capital Group: Right Multiple For Growing Insurer (NYSE:KNSL)
- Pound Down Due To Speculation on BOE Dhingra’s Rate Cut Vote
- Citi, JPMorgan Among U.S. Financial Firms Teaming Up to Explore Sharing Ledger Technology for Multiasset Transactions
- Financial system ‘outdated’ but crypto is no fix either: US swing voters
- Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
- EUR/USD Nears Resistance – Price Outlook and Sentiment Analysis
- Did XRP price just bottom against Bitcoin?