ELSSS MUTUAL FUNDS
TOP 5 TIPS TO MAXIMIZE RETURNS ON YOUR ELSS FUNDS
Published By Livemint | 23 Jan, 2023
Equity-Linked Saving Scheme(ELSS) invests primarily in equity shares of companies and also offers tax benefits to investors
Here are top 5 tips to maximize ELSS fund returns based on an interview with Certified Financial Planner Nidhi Manchanda
Align your ELSS investment with your medium-term financial goals
Choose your ELSS mutual fund based on factors like historical returns, expense ratio, portfolio allocation etc
Know that your SIP will be locked in for three years from the date of investment
Make decisions based on long-term trajectory and consistent performance of fund
Start a Systematic Withdrawal Plan (SWP) after 3 years of your SIP to make your ELSS investments self–sustaining
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