Why is ELSS one of better options under 80C ?

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Why is ELSS one of better options under 80C ?

An ELSS scheme gives you equity exposure and provides tax exemptions. So double benefits for salaried employees.

• It has been shown that equity can provide better (if not the best) returns among all asset classes.
• If you make losses, you can adjust it against capital gains on other profits (That is not what we desire though J )
• You get professionals to manage your funds invested in the equity markets.
• These tax saving mutual funds give you a well-rounded diversified asset allocation
• A Systematic Investment Plan (SIP) method will give you Dollar/Rupee Cost Averaging advantage
• Potential of no tax on long-term gains. Since ELSS have predominantly equity, you do not need to pay tax on long-term gains. YOU GET TAX FREE GROWTH
• Compared to PPF with 15 years lock in, Equity Linked Savings Schemes just have a 3 year lock in (shortest in tax saving category). Even tax saving fixed deposits have 5 years lock in.

The negatives of ELSS/tax saving mutual fund investments

• Equity is a volatile asset class. If you are the kind of person looking at investments every day , it will get your heart rate up.
• If invested in lump sum combined with wrong timing, the returns can be negative over the short run.
• A minimum lock in of at least 3 years
• You have to choose the better managed ELSS mutual funds. You do not want to get into a bad fund.

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