Are you versed in the tax-saving avenues provided by Section 80C?
While they serve to lessen your tax obligations, what if there existed options not only to save on taxes but also to amplify your wealth? This is where the SBI Long Term Equity Fund, an ELSS instrument, steps in to offer both tax savings and wealth creation opportunities. Being a diversified equity fund, it has the potential for long-term wealth creation. The 3-year lock-in helps you stay invested and creates investment discipline.
- Long-term investments offer stability and aid in reaching financial goals.
- Potential for substantial wealth accumulation by staying committed to your financial objectives.
Stability & Growth
- Compound interest, the key to wealth creation, ensures that your money earns returns on both the principal and its compounded gains.
- Longer investment horizons amplify wealth through compounding.
Power of Compounding
Benefit from a diversified Equity Portfolio
3-year Lock-in creates long-term investing discipline
Tax Benefits on investments up to Rs. 1.5 Lakh (for individuals/HUFs)
Provides equity / non-equity taxation benefits depending on the asset allocation.
See Also
Broader indices at record high; more than 60 smallcaps gain between 10-30%Axis Bluechip Fund-Growth (₹ 62.11) - NAV, Reviews & asset allocationAxis Mutual Fund: Returns, Rating, Top MF Schemes & SIPs 2024Two years after front-running scandal, Axis Mutual Fund schemes struggle on the return charts - CNBC TV18- An open-ended Equity Linked Savings Scheme (ELSS) which offers tax benefits on investments made up to Rs. 1.5 Lakh under Section 80C of the Income Tax Act, 1961.
- Currently, ELSS has the shortest lock-in period of 3 years amongst other tax-saving options.
- Ideal option for investors looking to build wealth for their goals while getting tax benefits on their investments.
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