Reduce Your Tax Liability with Quantum Equity Linked Savings Scheme

As winter grips you and warm coffee aroma fills the air, we realize with winters at their best, there is yet another season that marks its arrival. The taxation season. Soon, most of us will file our taxes to get tax benefits.

While you might look for options like PPF, Bank Fixed Deposits, NSC, etc. you could also consider mutual funds as a sound option to park your hard earned money.

An Equity Linked Savings Scheme (ELSS) offers the investor twin benefits of tax savings and the potential for wealth creation by investing in equities for the long term. The tax benefit from an ELSS is an immediate saving on the investments made, compared to just potential returns offered by other equity-oriented schemes.

ELSS = Tax Benefits + Long Term Capital Appreciation

What are the other benefits of investing in ELSS?

Look beyond the Ordinary

Through the years you`ve been saving taxes with Public Provident Funds (PPFs), National Savings Certificates (NSCs) and Bank Fixed Deposits (FDs). Sure, these are good and "safe" options but have you ever considered earning extra returns along with saving taxes?

Let us compare it with other tax saving investment options available under Section 80C to understand the risks and returns characteristics of ELSS funds.

ELSS vs. Other Investment Options u/s 80 C

* There is no upper limit on investments. However, only investments upto Rs.100,000 per year are can be claimed as deductions under Section 80C. Source : Nsiindia.gov.in, Sbi.co.in
Note: The instruments illustrated above are different in nature having different risk factors and the comparison is given for the purpose of general understanding only.

More than just Tax Saving:

Reap double benefits of investment in an ELSS

Investment in an ELSS should not be looked only from the purpose of saving tax. You should also consider it as an investment option to build your corpus for the future. With ELSS you achieve both the twin objectives - effective tax saving and capital growth in the long run.

And if you are looking for an ELSS fund to save tax this season, maybe you should consider adding the Quantum Tax Saving Fund (QTSF) - An open ended Equity Linked Savings Scheme with 3 years lock in period to your portfolio. With all the features and advantages of an ELSS fund, it’s time you experienced the benefits of safe guarding your money with sensible risk-adjusted returns through QTSF – in addition to your PPFs, NSCs and FDs.