You can start with an investment of just Rs 500 for tax saving and better returns

Know benefits on ELSS, check full details - India TV Paisa
Photo: CANVA Investing in ELSS will give double benefits, know about it

We are always on the lookout for the right opportunities to invest and invest very thoughtfully. On the other hand, 2 months of this year i.e. 2023 have passed, whereas by the end of this month itself, we all will reach the next financial year i.e. financial year 2022-23. On the other hand, with the arrival of the budget, many things have changed rapidly, in such a situation, if you want to save tax, then you have to invest in some special schemes. On the other hand, today we are going to tell you about ELSS i.e. Equity Linked Savings Scheme, where you can get double benefits by investing.

This is how you will get tax exemption through ELSS, know about it

Explain that by investing in ELSS, you can take advantage of tax exemption, where if you invest Rs 1.5 lakh in a financial year, you will get better exemption under section 80C. Where Rs 1.5 lakh will be deducted from your total income. Along with this, you will also get better returns by investing in ELSS, because ELSS has given a return of 10% in the last year.

This is the specialty of ELSS, know about it

Let us tell you that ELSS has a lock-in period of 3 years, if you invest in it, you will be able to withdraw your money only after 3 years. On the other hand, this is not seen in other schemes, where the lock-in period is very less in other schemes. On the other hand, in ELSS, you can increase the lock-in period on its maturity, where if you want to invest in it for a long time, you can.

ELSS can be invested in Rs 500, know about it

Let us tell you that you can start investing in ELSS through SIP (Systematic Investment Plan) from Rs 500, while there is no fixed maximum investment limit. In such a situation, you can get better returns even by investing 500 rupees.

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