Benefits of ELSS

Growth opportunity

Save tax

Compounding benefit

SIP option

Just 3-years lock-in

An ELSS is an Equity Linked Savings Scheme, which allows investors a deduction from total income of up to Rs. 1.5 lakhs under Sec 80C of Income Tax Act 1961.

These schemes have a lock-in period of just 3 years from the date of allotment of each unit. Post lock-in period, the units can be redeemed or switched. Investors can also invest through Systematic Investment Plans (SIP), and investments up to ₹ 1.5 lakhs, made in a financial year are eligible for tax deduction.

Why ELSS Funds?

SIP in ELSS

SIPs allow investors to park funds in an ELSS, starting with Rs 500 per month, at regular intervals. They help investors benefit from rupee cost averaging and, thus, offset volatility in the equity market.

01

Choose your investment amount

02

Select your investment range

03

Set your starting date

04

Pick mutual fund amount for your SIP

Resources

Blogs	Infographics	Presentations
IT Basics & Tax Instruments	Basics of Tax	Tax and Retirement Planning
Planning you tax savings now
ELSS - Features & Benefits
ELSS and other tax saving avenues

Source – HSBC Mutual Fund, ^ ELSS funds are subject to the Capital gains which will be charged at 10% if above INR 1 lakh. Dividend is subjected to 10% tax. ELSS - An open-ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefit

An Investor Education & Awareness Initiative by HSBC Mutual Fund

Visit Know your customer w. r. t. one-time Know Your Customer (KYC) process, complaints redressal process including SEBI SCORES (https://www.scores.gov.in). Investors should only deal with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions (https://www.sebi.gov.in/intermediaries.html). Investors may refer to the section on ‘Investor Education’ on the website of HSBC Mutual Fund for the details on all ‘Investor Education and Awareness Initiatives’ undertaken by HSBC Mutual Fund.

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