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Equity Linked Saving Scheme: Is ELSS Investment Still A Good Option?

The government allows you to save tax legally. Why not make use of it? In this blog, we’ll help you understand the pros and cons of ELSS funds and compare them with other investment options like NPS, PPF, FDs, ULIPs, NSCs, etc. to help you know if ELSS mutual funds are still a good investment.
November 7, 2024
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Indian investors are faced with the classic dilemma of choosing between a tax saving scheme and a wealth creation scheme. There wasn’t a concrete way to do both in the past unless you were an HNI.

Investors had to choose from investments options like Tax Saving Fixed Deposits (FDs) that were already battling with falling interest rates and tough lock-ins.

However, apps like Cube Wealth have changed the game by helping Indian investors realise that they can in fact save tax and create wealth by investing in options ELSS funds. 

What Is An Equity Linked Saving Scheme (ELSS)?

An Equity Linked Saving Scheme (ELSS) fund is a tax saving investment option that allows you to claim a deduction of up to ₹1,50,000 in tax under Section 80C. 

ELSS funds carry a lock-in period of 3 years. That’s relatively low in comparison to other 80C investment schemes like NPS and Post Office Savings Schemes like PPF, RDs, NSC, and others. 

Furthermore, ELSS funds have been known to generate better returns than traditional investment schemes by investing in t

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