Key Points
Let me just begin with the tax saving investment strategy that one should be making in your tax saver fund as per ATC ELSS choice, Your fund choice could be one of the best tax saving choices that an investor can make not only to save taxes but also make the most out of the current market movement?..
As you rightly mentioned, ELSS schemes not only allow you to save tax but also give you an opportunity to partner in terms of India's growth and make a portfolio which will give you better returns..
At least historically, that has been the case where ELSS schemes have provided much better returns with a better taxation to investors with a lower lock-in compared to other tax saving investments...
Most investors think about equity savings or any other tax saving schemes as something that they need to do in the fourth quarter of the financial year, but studies have shown that if you participate all through the year in an equity savings scheme, that is a much better approach rather than doing it at the last minute of the 11th hour...
Although of late, there have been a few ELSS schemes which are passive in nature, which just replicate the index, but most of the older ELSS schemes in the industry are active funds which means that the fund manager would take a decision in terms of keeping a particular stock in the portfolio or exiting a particular stock, so it is an active investment strategy...
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