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Monday, January 21, 2013

Tax Saving Mutual Funds (ELSS) v/s Bank Deposits

Invest In Tax Saving Mutual Funds Online
 
Call 0 94 8300 8300 (India)

Invest in a bank tax-saving deposit if you're a completely risk-averse investor who can't take even an interim decline in value and if you will be fine with modest returns. Such a deposit would come with a 5-year lock-in, and you wouldn't be able to even borrow against it.


Compared to that, an ELSS fund will have a lock-in of only 3 years. ELSS funds also have the ability to generate higher returns. Over the past 20 years, most ELSS investors have made 1.5 times more than the prevailing fixed income returns delivered by debt-oriented tax-saving avenues.
 

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Mutual Fund Application Forms Download Any Applications
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