ELSS provide the best returns on tax-saving investments and keep your money locked for the shortest time. ELSS empower your wealth while you make tax-savings.
ELSS can give you the best returns as compared to any other tax-saving instruments like PPF, Fixed Deposit, NSC
ELSS provide dual advantage of tax benefits and Wealth Creation. It not only allows you to save tax but also grow your money
ELSS have the shortest lock-in period of any tax-saving scheme. Just 3 years! PPF and Fixed Deposit have lock-in of 15 years and 5 years respectively
Save upto ₹46,800 on your taxes
Invest in top performing funds; tailored for experienced investors
Funds selected based on very good historic performances
Start investing with as low as ₹500 per month
Compare ELSS with other tax saving instruments
With other tax saving options available
7 things to know about investing in ELSS
Section 80C of the Income Tax Act allows for a deduction of up to Rs. 1.5 lakhs from an assessee’s taxable income...
Taxation In Mutual Funds
The profits you generate out from your Mutual Fund Investments are termed as Capital Gains. Mutual Funds...
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Frequently Asked Questions
Tax-saving investing is easy and rewarding you could earn enough for a surfing trip.
Are the returns on ELSS taxable?
Long-term Capital Gains (LTCG) on ELSS above Rs. 1 lakh will be taxed at 10% without indexation benefit.
By when can I invest in ELSS?
Investment in ELSS can be made by the 31st of March in a financial year to reap the tax-benefits under Section 80C.
What is the KYC procedure with Piggy?
Upload the required documents on the Piggy app: Proof of Identity, Proof of Address, PAN Card, Photograph. An executive will get in touch with you after you have completed this procedure.
Can ELSS help me beat the effect of inflation on my income?
ELSS has the potential to provide you with considerable high returns, historically, ELSS have given returns between 14%-20% per annum. These high returns can help counteract the effect of inflation which is presently around 5%.
What are ELSS?
Equity Linked Saving Schemes (ELSS) are mutual funds that are also tax-saving schemes. These funds primarily invest in equity and equity-related instruments that allow the investors to receive superior returns on their investment when compared to other tax saving instruments under Section 80C of the Income Tax Act.
What are the tax benefits of ELSS?
Investments in ELSS are allowed a maximum deduction of Rs.1,50,000 from the taxable income of the investor, this means, an investor can invest up to Rs.1,50,000 in ELSS. This amount is deducted from their total income before calculating income tax.
Can I invest through SIP?
Yes, ELSS can be invested through a SIP. A Systematic Investment Plan (SIP) allows the investor to invest a fixed sum every month into a fund. This comes with a few advantages. First, it does not put undue stress on your savings as only a nominal amount is invested every month rather than a lump-sum. Second, it gives you the benefit on Rupee Cost Averaging. As the price of units drops the fund automatically purchases more units and as the prices rise the fund purchases fewer units. This brings the overall cost per unit over the investment period down.
Is my investment prone to market risks?
As ELSS are equity-linked, they are prone to market fluctuations and your investment can be volatile depending on the market conditions. Historically, Equity-linked mutual funds have been performing well in an investment horizon three years or more.