Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Let’s take a look at the top mutual funds to invest this year. Be it long-term, short-term, tax saving or your emergency needs. We have you covered.
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
ELSS mutual funds are open-ended equity mutual funds. They invest the majority of their assets in equity and equity-related instruments. ELSS funds help save tax and also provide an opportunity to grow the investment. These mutual funds are approved as tax saving funds to boost the habit of long term investment and saving.
Tax Saving
Recommended
Top Ranked
₹ 5,647 Cr
Fund Size
16.9%
3Y returns
Tax Saving
Recommended
Top Ranked
₹ 1,885 Cr
Fund Size
8%
3Y returns
Tax Saving
Top Ranked
₹ 7,332 Cr
Fund Size
13.3%
3Y returns
Tax Saving
Top Ranked
₹ 25,508 Cr
Fund Size
15.6%
3Y returns
Tax Saving
Top Ranked
₹ 10,244 Cr
Fund Size
0.7%
3Y returns
Tax Saving
Top Ranked
₹ 368 Cr
Fund Size
13.7%
3Y returns
Tax Saving
Top Ranked
₹ 12,595 Cr
Fund Size
8.8%
3Y returns
ELSS is a Unit Linked Insurance Plan which is not a restricted plan. An NRI is eligible to invest in, provided that the NRI updates their KYC prior to investing in the funds. Unlike Indian residents, NRIs might not be able to benefit from tax savings on this scheme in the same way.
In order to start ELSS, you need to study first your taxable income and your tax slab so that you can decide which scheme suits you more, after that you can easily start it online be accessing the ELSS website and fill the details of your bank account and your desired ELSS Plan
Equity-linked saving schemes (ELSS) is eligible for a tax deduction under Section 80C of the Income Tax Act, 1961. An investor can claim an investment of up to ₹ 1.50 lakh as a deduction from taxable income in India.
This deduction is available to both Indian residents and NRIs. If an NRI has a taxable income from house property or other sources in India, then he/she can invest in ELSS and claim tax benefits.
ELSS can be stopped in the same way you can stop any SIP according to specific terms. If you started ELSS online you can stop it in the same way by accessing the website and request to cancel your current ELSS plan.
Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.