Don't just save tax, grow wealth! Learn how to strategically use ELSS for your ₹1.5 Lakh Section 80C benefit, avoiding the last-minute panic.
The ₹1.5 lakh 80C limit isn't just for ELSS. First, sum up existing contributions like EPF, home loan principal, and tuition fees to find your actual shortfall.
Why ELSS? It offers the shortest 3-year lock-in among 80C options & potential for inflation-beating, market-linked returns. It's tax saving + wealth creation!
Calculate your exact 80C shortfall. That's your minimum ELSS. Consider investing beyond the tax limit via SIPs for consistent growth & rupee-cost averaging.
Look for consistent performance (5-7 years), experienced fund managers, and reasonable expense ratios. Don't chase last year's top performer blindly.
No more March rush! Start SIPs early. Remember each installment has a 3-year lock-in. Don't stop SIPs just because the lock-in ends; let wealth compound.
Ready to maximize tax savings and build wealth? Use our SIP calculators to plan your ELSS investments. Consult a SEBI-registered financial advisor!