Are you looking for a worthy investment in a tax-saving mutual fund in India? If yes, then this write-up is just for you. As you must have heard about the ELSS (Equity Linked Savings Scheme) which provides the benefit of saving on taxes under Section 80C, here we have covered one of the best ELSS schemes, i.e., Reliance Tax Saver Fund, to let you make the right choice of investment in the best fund. So let’s get started!
The Reliance Tax Saver Fund is an open-ended equity linked savings scheme which is worth investing in; on part of all those who are looking for the best tax-saving instruments for the financial year. It was launched in the year 2005 and is catering to the needs of all business as well as salaried professional in terms of reducing their tax liability. There are many investors of the Reliance Tax Saver Plan in India because of the fact that investors can benefit from the growth in equity apart from reducing the tax payments. The risk element is very small and this is the reason Reliance Tax Saver is among the top recommendations that we provide to the investors.
Here are some important points to know about this ELSS scheme.
The Reliance Tax Saver Fund is an open-ended equity linked savings scheme which is worth investing in; on part of all those who are looking for the best tax-saving instruments for the financial year. It was launched in the year 2005 and is catering to the needs of all business as well as salaried professional in terms of reducing their tax liability. There are many investors of the Reliance Tax Saver Plan in India because of the fact that investors can benefit from the growth in equity apart from reducing the tax payments. The risk element is very small and this is the reason Reliance Tax Saver is among the top recommendations that we provide to the investors.
Here are some important points to know about this ELSS scheme.
- Transparent & Safe - This scheme is in existence for a good number of years, and thus characterised by a great deal of transparency and safety. There isn’t any hidden cost in this fund which makes it affordable for every type of investor.
- Minimal Risk Element - The Reliance Tax Saver Fund like other open-ended equity funds is prone to market volatility, but this risk is quite minimal and the capacity to generate long-term growth in capital further make the associated risk least affecting.
- Simple Investing - The formalities that need to be fulfilled in order to start investing in this ELSS fund are not complicated. You can simply invest online through our platform in a completely paperless manner as we take the responsibility of successful investing in a hassle-free manner.
- SIP for Smooth & Continuous Investing - You can give a structure to your ELSS investment in Reliance Tax Saver Fund by opting for the SIP route. In this, your investments remain disciplined and you keep on gaining not only the tax benefit but also the advantages of SIPs, viz., rupee-cost averaging and the power of compounding.
- Liquidity: A Major Benefit - The tax-saving investments in India are found to have long lock-in period from ten to fifteen years due to which one loses the liquidity of the invested capital. But Reliance Tax Saver being an ELSS provides the liquidity benefit as well. With the least lock-in period of just three years, one can redeem the capital invested in the ELSS funds easily.
- Dividend Option - Being an equity investment plan, Reliance Tax Saver Fund offers the dividend option to the investors where one can enjoy regular earnings through the dividend payouts. With this, one can also associate the current financial requirements to achieve financial stability easily.
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