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Why should you invest in ELSS?
Friday Mail 16th August 2024
Among all investments with tax benefit u/s 80C, ELSS is the only pure growth-oriented investment (most others are fixed return instruments) and has the lowest lock-in period (3 years).
Investment returns from mutual funds heavily depends on the time you stay invested with discipline. Even if you are not availing 80C benefit under the new tax regime, this forced lock-in feature of ELSS increases your chances of better returns.
29.05% and 12.16% are the highest and the lowest annualized returns generated by ELSS funds in the last 10 years (as on 04-Aug-2024), with a category average return of 21.59%.
Consider ELSS for possibilities of creating better returns from your mutual fund investments and more so if you are availing tax deduction u/s 80C.
