How to Invest in ELSS?

March, the last month of the Financial Year 2018-19 is around the corner. It is that time of the year when everybody rushes to park their funds with any of the 80C eligible investment options to claim the deduction of Rs 1.5 Lakh.

Have you invested yet? If no, Try ELSS this time in place of traditional PPF, tax Saving FD and NSC. ELSS is in vogue and hottest investment trend this financial year.

Equity Linked Saving Scheme or ELSS Mutual Funds are volatile investment option available for tax-saving and capital appreciation. Investing in ELSS is quite easy especially when LAKSHMISHREE is always available at your doorsteps to assist you with your investments.

ELSS are among the best tax saving investment option available today, however, many investors tend to ignore this product because they have reservations for this product for multiple reasons.  While some investors find it difficult to understand this product others just hate Equity investments.

Howbeit, ELSS funds are highly-recommended by investment and tax experts for multiple reasons.

1. ELSS funds have the highest equity allocation among all the tax saving Investment options. A high Equity Allocation means your funds have more space for growth.
2. You will be able to save a maximum amount of Rupees 46800 by investing an amount of Rs 150000 in ELSS every year (if you are in 30% tax bracket).
3. ELSS has the lowest lock-in among various tax saving investments.
4. ELSS is the gateway, to the risky Equity Investments where you earn returns from the power of compounding interest.
5. ELSS does not have a fixed maturity date. You can continue with the ELSS investments even after the lock-in period with or without further contributions.
6. ELSS Mutual Funds have the power to beat inflation. It can generate returns that are higher than the prevailing rate of inflation.
7. Diversification is an important aspect of ELSS. ELSS portfolio is created by investing in different sectors and different market caps. So, you can diversify your portfolio by just investing in ELSS.
8. ELSS Fund is managed by Professional Fund Managers. In case you have a long term perspective you are definitely going to book huge profits.

But, how do you invest in ELSS especially when you don’t have any technical knowledge associated with the Mutual Funds?

The easiest way to invest in ELSS funds is by visiting LAKSHMISHREE

ELSS investments via SIP are a very convenient affair with LAKSHMISHREE. You should keep your entire investible corpus (SIP or lump sum) as well as KYC documents ready. It is also mandatory that you are crystal clear about your investment objective.

Just follow these steps:-.

1.  Chalk out your financial goals as well as time horizon to achieve those goals.

2. Assess your risk-bearing capacity and do Self-Research before coming to any conclusion.

3.  All you’re KYC documents should be kept ready (Address Proof/ID proof)

4. Visit LAKSHMISHREE and fill in the details.

5. LAKSHMISHREE’s CFP (Certified Financial Planner) will contact you soon. The CFP will understand your financial needs and will guide you accordingly.

LAKSHMISHREE will ensure that your Investments will be routed to an ELSS fund which fits your financial goals, risk appetite, and time horizon. LAKSHMISHREE will also guide you through your SIPs i.e. when you should redeem your funds.