Investment in ELSS - tax saving funds - Dividend or Growth

Q & A Forum › Category: Mutual Funds › Investment in ELSS – tax saving funds – Dividend or Growth

arindam.guha asked 10 years ago

Dear Sir My CTC is 3.97 for the year 16-17. How much should I invest in ELSS as to save taxes.

4 Answers

Sreekanth Staff answered 10 years ago

Hi, May I know your financial goals and investment time-frame?? Up to Rs 1.5 Lakh can be invested in an ELSS tax saving fund and claim tax deduction u/s 80C. Suggest you to use this income tax calculator..

arindam.guha replied 10 years ago

Sir
My investment time frame is for 5 years and financial goal is to have a corpus of around 20 lakhs at the age of 60 years

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Sreekanth Staff answered 10 years ago

Hi, Ok. Suggest you to kindly use the calculators available in the below articles to analyze your expected savings to reach your goal corpus amount. Kindly read: http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ http://www.relakhs.com/calculate-kids-education-goal-amount/

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arindam.guha answered 9 years ago

Dear Sir Please let me know some good ELSS funds where I can invest in SIP of 2000 per month as tax saving cum wealth creation.

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Sreekanth Staff answered 9 years ago

Hi, You may kindly go through below articles ; https://www.relakhs.com/best-elss-funds-2017-2018/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/income-tax-exemptions-fy-2017-18-list/