Kuvera's video: Benefits of ELSS Best of Investor Education Hindi

Presenting the best investor education content, . In this video by @HDFCMF we will understand the benefits of ELSS. Baniye apni financial life ke hero ELSS ke sath. Janiye ELSS ke fayede 👇 ELSS (Equity Linked Saving Scheme) is a type of mutual fund investment available in India that offers tax benefits under Section 80C of the Income Tax Act. Here are some of the benefits of investing in ELSS: Tax benefits: ELSS investments qualify for a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. This means you can reduce your taxable income by the amount invested in ELSS, leading to lower tax liability. Potential for high returns: ELSS funds primarily invest in equity and equity-related instruments, which have the potential to deliver higher returns compared to traditional tax-saving instruments like fixed deposits or PPF (Public Provident Fund) over the long term. However, it's important to note that equity investments come with market risks. Shorter lock-in period: ELSS has the shortest lock-in period among all tax-saving investments. The invested amount in ELSS has a lock-in period of three years, which is considerably lower than other tax-saving options like National Savings Certificate (NSC), Public Provident Fund (PPF), or tax-saving fixed deposits, which typically have lock-in periods of 5 to 15 years. Systematic Investment Plan (SIP) option: ELSS funds often offer the flexibility of investing through a SIP, allowing investors to invest small amounts at regular intervals. This helps in rupee-cost averaging and reduces the impact of market volatility. Diversification: ELSS funds invest in a diversified portfolio of stocks across different sectors, which helps in spreading the investment risk. This diversification can reduce the impact of volatility in any particular stock or sector, potentially enhancing overall portfolio stability. Potential for long-term wealth creation: ELSS investments are suitable for individuals with a long-term investment horizon of 5 years or more. By staying invested for the long term, investors can benefit from the power of compounding and potentially create wealth over time. See the episode on "Investing in Flexi Cap Fund" on Kuvera Insights here https://youtu.be/LpT36NlFLgk Stay updated with super cool videos on investing. Subscribe to Kuvera Channel https://bit.ly/3bawMXK To start your investing journey hop over to: https://kuvera.onelink.me/t2AP/75vhvlau Follow the conversations across Kuvera.in on Twitter : https://twitter.com/Kuvera_In Facebook : https://www.facebook.com/kuvera.in/ Linkedin : https://www.linkedin.com/company/kuve... YouTube : https://www.youtube.com/channel/UCV6S... Disclaimer: These videos are only for educational purpose. —--------------------------------------