Dear Investors,
We are now heading towards Financial Year end 2022-2023 and everyone
is looking for saving tax. As per Income tax act limit of 80C is 1.5 Lacs per annum.
This includes primarily Provident fund, Term Insurance premium, Tuition Fees, Public Provident
Fund, Sukanya Samriddhi Yojana, NSC, 5 Years bank fixed deposit and Housing Loan Principal and
Interest etc.
Depending upon investors risk profile, I would like to share advantages of Equity Linked Saving
Schemes (Tax Saver equity fund). A person generally has career of 30-35 years depending upon
working industry, health and skills. Broadly speaking, main phases of life are 0-25 years education,
25-55/60 years job and 55/60-75/80 years retirement. You need investments which will take care of
your retirement years. The safety and liquidity are most important factors.
Unbelievable but true, if any investor is utilizing full limit of 80C for 25 years then corpus is close to 5
Crores.
(P.S.- We have considered investing full 80C limit in Tax Saver fund for the calculation)
Please have look at tables for information.
(Aditya Birla Sun Life Tax Relief ’96 Fund Picture)
(Pros and Cons – PPF vs ELSS)
Please note, the scheme name is used for illustrative purpose and not recommendation.
Still 80C limit is open for investment then don’t wait call me now?
Disclaimer: Investment in stock market is subject to market risk. Read offer document carefully before investing.