The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of Rs.1,50,000/- under and in terms of Section 80 C.
(2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the scheme will be realized.
(Low / Medium / High)
|Equity and Equity Related Instruments||80%||100%||High|
|Debt and Money Market Instruments||0%||20%||Low to Medium|
- Investors can invest up to Rs 1,50,000 in an ELSS and deduct the investment from their taxable income i.e. effectively reducing their tax liability.
- Any income in the form of dividends received and long term capital gain (holding period > 1 year)are tax free in the hands of the investor.
- The 3 year statutory lock - in period is blessing in disguise.
- It ensures that short term market volatility is ignored and focus is only on creating wealth in the long term.
- 3 year ‘lock-in’ is much lower than the other tax savings instruments where minimum lock-in ranges from 5 to 15 years.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Fact Sheet for July 2017
Fact Sheet for June 2017
Fact Sheet for May 2017
Fact Sheet for April 2017
Fact Sheet for March 2017
Fact Sheet for February 2017
Fact Sheet for January 2017
Fact Sheet for December 2016
Fact Sheet for November 2016
Fact Sheet for October 2016
Fact Sheet for September 2016
Fact Sheet for August 2016