To sum up, do not invest in ELSS if:
- You want guaranteed returns
- You have a conservative risk profile
- You want high immediate liquidity
- Your investment time horizon is less than 5 years
- You are in your post-retirement and want liquidity.
- You are investing in ELSS at the very end of the financial year.
Here is the list of the Best ELSS funds in India for 2020-2021:
Best ELSS Funds | RankMF Rating | 1 Year | 3 Years | 5 Years | Since Inception |
Axis Long Term Equity Fund | 5 Star | 3.04% | 7.94% | 10.83% | 16.07% |
Canara Robeco Equity Tax Saver Fund | 4 Star | 13.85% | 9.58% | 11.23% | 18.45% |
Aditya Birla Sun Life Tax Relief ’96 Fund | 4 Star | 1.69% | 1.73% | 8.95% | 9.83% |
UTI Long Term Equity Fund | 4 Star | 7.35% | 3.28% | 8.34% | 10.29% |
Kotak Tax Saver Fund | 4 Star | 4.57% | 3.87% | 9.57% | 10.97% |
Can we invest in elss mutual funds through smart sip, can we start smart sip without opening a DEMAT account as we want to participate in direct elss mutual funds, what will be your annual maintenance charges for handling smart sip,how safe is it to permit you to handle our amount to be handled by you, as in smart sip selling at heigher level and purchasing at lower for this definitely u have to redeem unit to sell at high and if it’s done before one year then will exit charges applicable on investors or not, if unit sold at higher levels before one year than investors will be charged short term capital gains tax or not, if I invest through in smart sip then investments will be made in regular or direct mutual fund ? These are all my queries please reply, if I have to pay exit load, fee to maintain account, short term gains on profit, expense ratio, then I don’t think that you will be able to generate profit on investments. Please reply to all on my email : ashoksoni63891@gmail.com. Thanks.
Dear Customer,
With regards to your query, we have forwarded it to the concerned department. They shall get back to you on your registered email id with the resolution.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco