Did you lose Rs. 34,00,000?

Hello Chandan Kumar,

They say a penny saved is a penny earned. We say every penny not earned is a penny lost. Smart investors would have earned up to Rs. 34 lakhs more out of their tax-saving investments. Are you losing out on an opportunity to do the same?

Wondering how you could have made those Rs. 34 Lakhs?

We’re not going to beat around the bush.

Every year you probably invest under Section 80C to save on taxes.

The Public Provident Fund (PPF) is something that most prefer. So, we compared investments in PPF and ELSS (tax-saving mutual funds) over the last 16 years.

Rs. 50,000 invested every year in PPF grew to Rs. 17,35,017.

Rs. 50,000 invested every year in an ELSS Fund* grew to Rs. 52,17,822.

Most other tax-saving options are fixed-income instruments whose rates are similar to PPF rates. And unlike PPF, interest earned on these instruments are taxed, which further reduces your return. Long-term capital gains on ELSS funds are tax-free!

If you want to know more about ELSS funds, read our blog about it here.

The maximum investment limit under Section 80C is currently Rs. 1,50,000. By investing in ELSS funds, you can save up to Rs. 46,350# on taxes. Even better, you are building wealth at superior rates of return*.

Choose the smart way to save on taxes. Invest in ELSS Funds now!

Feel free to reach out to our certified advisors here or use Money Mitr to design your custom portfolio from the best ELSS funds.

Should you have any queries feel free to call us on (0) 7667 166 166. Alternatively, you can write to us at contact@fundsindia.com, and we’ll be happy to assist you.

Regards,
Team FundsIndia

*Fund chosen for illustrative purposes is Franklin India Taxshield. Returns of PPF and ELSS calculated from April 2000-April 2016. Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.
#Tax saving has been calculated for the highest income slab as per Section 80C of the Income Tax Act 1961, for the financial year 2016-2017