Tax Planning and ELSS

The budget session is around the corner and everybody will be focusing on the announcements and their impact on our pockets.
This time of the year 'Tax Planning' becomes the most important aspect of a financial plan. Indeed, tax planning is an essential component of any financial plan. Just to remind you all, 'You are eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act of 1961'. ELSS is one of the worthy tax deduction alternatives we all know by now, however, which ELSS can provide the best returns is what is interesting to know. Our cover story helps you understand the most promising ELSS schemes and much more. 

Also, our special report on dealing bear market with the help of mutual funds can help you navigate through these challenging (volatile) times. To make the most of these tumultuous times, however, you must strategically manage your money by identifying themes that are generating alpha. In this special report, we focus on mutual funds that invest in commodity stocks and at the same time are generating alpha. 

If you belong to a group of investors who continued to remain invested for over 5 years, you are a part of the 23 per cent SIP investor population that does so. According to the latest AMFI data, almost 23 per cent or Rs 1.58 lakh crore of total SIP AUM of Rs 6.75 lakh crore has remained invested over 5 years. Five years is a decent period to remain invested in equity markets via SIP, so continue to do so!

Yogesh Supekar
Executive Editor