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LAST MINUTE TAX SAVING? INVEST IN ELSS

While most of us wait until the last minute to make tax saving investments, making the right choice is all that matters. An Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund that gives you a dual benefit of tax saving with the growth potential of equities.

Here’s why you should invest in ELSS

• Save tax up to Rs 46,800* in tax
• Statutory lock-in period of just 3 years
• Potential to benefit from the growth of equities
• No Long Term Capital Gains (LTCG) up to 1 lakh
• Helps to overcome the effect of inflation

You can invest in ELSS through Systematic Investment Plan (SIP) and also lump sum.

*Section 80C of the Income Tax Act, 1961 provides tax payers (Individual / HUF) a deduction from taxable income of up to Rs 1.5 lakh in a year in investments made in specified tax-saving instruments. Please consult your financial advisor/tax advisor for details.

Source: HSBC Mutual Fund

An Investor Education & Awareness Initiative

Investors should deal only with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions". Refer to www.assetmanagement.hsbc.co.in for details on completing a one-time KYC (Know Your Customer) process, change of details like address, phone number etc. and change of bank details, etc. For complaints redressal, either visit www.assetmanagement.hsbc.co.in or SEBI's website www.scores.gov.in. Investors may refer to the section on ‘Investor Education’ on the website of Mutual Fund for the details on all 'Investor Education and Awareness Initiatives' undertaken by the AMC.

Disclaimer: This document has been prepared by HSBC Asset Management (India) Private Limited for information purposes only and should not be construed as i) an offer or recommendation to buy or sell securities referred to herein or any of the funds of HSBC Mutual Fund; or ii) an investment research or investment advice. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment or investment strategies that may have been discussed or referred herein and should understand that the views regarding future prospects may or may not be realized. This document is intended only for those who access it from within India and approved for distribution in Indian jurisdiction only. Distribution of this document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is strictly prohibited.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.