ELSS funds are equity-oriented mutual funds that earn the investor a tax break under Section 80C. You can invest up to Rs 1.5 lakh a year in these funds to save taxes. But only a small percentage of women invest in ELSS funds. For modern working women, ELSS funds make a lot of sense for the following reasons:
Modern women can take risks
Sure, ELSS funds invest in the stock markets. This means that they are riskier than other tax-saving investment options. But the modern woman is fine with taking risks where they are required. She understands the benefits of these risks, which in the case of ELSS funds means higher, inflation-beating returns.
Modern women don’t settle for anything less
Why should you settle for something like PPF or fixed deposits that will give you guaranteed returns but not enough to help your money grow and create long-term wealth? Only equity has the potential to earn higher returns and make sure you not only save taxes, but fulfill your financial goals as well.
Modern women are getting financially stabler
Traditionally, taxes and investments have been a male-oriented domain. Women rarely indulged in them, even when they earned an income themselves. They relied on their father, brother or husband to worry about taxation and investing for them. But as Bob Dylan would say, The Times They Are A-Changin’. Women are a major part of the Indian workforce today and a wide majority of them do their taxation and investments themselves.
Modern women know what they want
The modern woman has a fair idea of what she wants from life. She has her own goals and dreams that she works hard to achieve and fulfill. This is where ELSS funds can help you because they will give you an exposure to the stock markets without you having to worry about which sectors or stocks to invest in. ELSS funds are managed by professional fund managers who use their experience and acumen to select areas of the economy and companies within those areas to invest in. This way, you get the benefit of inflation-beating returns from equities without requiring a deep understanding of the stock markets. All you need to do is select a couple of good ELSS funds to invest in and you’re set.
Apart from these, another benefit of ELSS funds is that they come with a short lock-in period of only 3 years. When you invest in other fixed income tax-saving options like PPF or fixed deposits, you have to stay invested for a longer period. With ELSS funds, your money stays locked in for only 3 years. What’s more, you can change your funds any time you want. If you’re unsatisfied with the performance of one fund, you can stop investing in it and start fresh investments in another ELSS fund.
So, by investing in ELSS funds and you give yourself not just one gift, but two–saving on taxes and tax-free returns to build wealth.
Source: Yahoo
Most Read
Breast Cancer: Symptoms & Cure
Reliance Health Insurance: understanding the Claim Process
Why having an Aadhaar card is mandatory and How to get one made
How To Teach Kids The Value Of Investing.
Steps And Cost To Hire An Interior Designer.
8 Insurance Technology Trends Transforming the Industry.
How To Book An Amazing Cheap Holiday.
A closer look at Max Bupa Health Insurance
10 Things Millennials Say About Personal Finance.
Ahaa, its good conversation regarding this article here at this webpage, I have read all that, so
at this time me also commenting at this place. http://yahoo.org
Hi Frank,
Yes, its a much needed discussion and women has always been the contributor to economy indirectly. Now its time they show their real power.
Great blog here! Also your site loads up fast! What host are you
using? Can I get your affiliate link to your host?
I wish my site loaded up as fast as yours lol
Thank you for the good writeup. It in fact was a amusement account it.
Look advanced to far added agreeable from you!
By the way, how could we communicate?
excellent publish, very informative. I’m wondering why the other
specialists of this sector don’t realize this.
You should proceed your writing. I’m confident, you have a huge readers’ base already!
Thanks for the nice blog. It was very helpful for me.
Keep sharing such thoughts in the future as well.
This was really what I was looking for, and I’m glad to came here!
Thank you for sharing the such information here.
Right here is the right website for everyone
who really wants to find out about this topic. You understand so much its almost
hard to argue with you (not that I really will need to…HaHa).
You certainly put a fresh spin on a subject that’s been written about for years.
Great stuff, just wonderful!
Heya i’m for the first time here. I came across this board and I to find
It truly helpful & it helped me out much. I hope
to give one thing again and aid others like you helped me.
Hello there! Someone in my Myspace group shared this website with us
so I came to take a look. I’m surely loving the information. I’m bookmarking and will be tweeting this
to my followers! Fantastic blog and great design and style.
Thanks designed for sharing such a good thinking, piece of writing is fastidious, thats why i have read it
completely
Does your blog have a contact page? I’m having problems locating it
but, I’d like to shoot you an email. I’ve got some creative ideas for
your blog you might be interested in hearing. Either way,
great website and I look forward to seeing it improve over time.
hi,
you can surely write to info@miraaya.ventures
thanks.
Heya i’m for the first time here. I found this board and I find It
really useful & it helped me out a lot. I hope to give something back and aid others like you aided me.
Greetings from Carolina! I’m bored to death at work so I decided to
check out your website on my iphone during lunch
break. I enjoy the info you present here and can’t
wait to take a look when I get home. I’m amazed at how fast your
blog loaded on my mobile .. I’m not even using WIFI, just
3G .. Anyhow, good blog!
Hello my friend! I want to say that this post is awesome, great written and come with approximately all important infos.
I would like to peer extra posts like this .
If some one wants expert view concerning blogging and site-building after that i suggest him/her to go to see this webpage,
Keep up the fastidious job.
I’ve been browsing on-line more than 3 hours these days, but I by no means discovered any attention-grabbing
article like yours. It is lovely price sufficient for me.
In my opinion, if all site owners and bloggers made just right content material as you did,
the web might be much more helpful than ever before.
I don’t know if it’s just me or if perhaps everyone else encountering issues with your blog.
It looks like some of the text in your content are running off the screen. Can someone else please
comment and let me know if this is happening to them
as well? This could be a issue with my browser because
I’ve had this happen before. Kudos
Its your browser issue. 🙂
Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to more added agreeable from you! By the way, how can we communicate?
Hi, we can communicate here. please tell me your query. thanks.
What’s up Dear, are you in fact visiting this website regularly,
if so afterward you will absolutely obtain nice know-how.
Spot on with this write-up, I seriously feel this website needs
much more attention. I’ll probably be back again to read more, thanks
for the advice!
Greate post. Keep writing such kind of information on your blog.
Im really impressed by your site.
Hello there, You’ve done a great job. I will definitely digg it and in my opinion suggest to my friends.
I’m sure they’ll be benefited from this site.
I’m not that much of a online reader to be honest
but your sites really nice, keep it up! I’ll go ahead and bookmark your site to come back down the
road. All the best
Excellent blog here! Also your site loads up fast! What host are you using?
Can I get your affiliate link to your host? I wish my web site loaded up as fast
as yours lol
Do you mind if I quote a couple of your posts
as long as I provide credit and sources back to your weblog?
My blog is in the very same area of interest as yours and my visitors would
certainly benefit from a lot of the information you provide here.
Please let me know if this okay with you. Thanks a lot!
Sure you can. 🙂
Hey There. I found your blog using msn. This is a very well written article.
I’ll be sure to bookmark it and come back to read more of your useful information. Thanks for the post.
I will definitely comeback.
I just couldn’t depart your web site before suggesting that I really loved the standard information a person provide in your guests?
Is going to be back incessantly in order to check out new posts
Hey I am so delighted I found your web site,
I really found you by mistake, while I was looking on Askjeeve for something else,
Anyhow I am here now and would just like to say kudos for a
tremendous post and a all round entertaining blog (I also
love the theme/design), I don’t have time to browse it all at the moment but I have saved it and also added in your RSS feeds, so when I have time I
will be back to read much more, Please do keep up the great
b.