{"id":19427,"date":"2022-12-12T10:42:59","date_gmt":"2022-12-12T05:12:59","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=19427"},"modified":"2022-12-13T16:21:32","modified_gmt":"2022-12-13T10:51:32","slug":"elss-mutual-funds-explained","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/","title":{"rendered":"ELSS Mutual Funds Explained"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d521ba24bc7\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d521ba24bc7\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#What_are_ELSS_mutual_funds\" title=\"What are ELSS mutual funds\">What are ELSS mutual funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Characteristics_of_ELSS_mutual_funds\" title=\"Characteristics of ELSS mutual funds\">Characteristics of ELSS mutual funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Benefits_of_ELSS_mutual_funds\" title=\"Benefits of ELSS mutual funds\">Benefits of ELSS mutual funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Risks_of_investing_in_ELSS_mutual_funds\" title=\"Risks of investing in ELSS mutual funds\">Risks of investing in ELSS mutual funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Factors_to_consider_before_investing\" title=\"Factors to consider before investing\">Factors to consider before investing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Who_should_invest_in_ELSS_funds\" title=\"Who should invest in ELSS funds?\">Who should invest in ELSS funds?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"What_are_ELSS_mutual_funds\"><\/span><strong>What are ELSS mutual funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ELSS, or Equity Linked Savings Scheme, is a type of mutual fund that invests in stocks and other equity securities. ELSS funds are similar to other equity mutual funds, but they have an added tax benefit for investors in India. Investments in these funds are eligible for a tax deduction of up to Rs. 1.5 lakh per year under Section 80C of the Income Tax Act.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/fixed-deposit\/all\"><img loading=\"lazy\" class=\"wp-image-18627 size-large aligncenter\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01-1024x427.jpg\" alt=\"fixed-deposit-interest-rates\" width=\"640\" height=\"267\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01-1024x427.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01-300x125.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01-768x320.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01-150x63.jpg 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/11\/FD-Updated-banner-01.jpg 1250w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>ELSS funds have a lock-in period of three years, during which time investors cannot redeem their investments. After the lock-in period ends, investors can redeem their investments and receive the underlying holdings of the fund, which typically consist of a diversified portfolio of stocks.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ELSS funds are considered to be a growth-oriented investment, as they aim to provide investors with long-term capital appreciation by investing in stocks. However, like all equity investments, ELSS funds are subject to market fluctuations and the value of an investment in an ELSS fund can go down as well as up. It&#8217;s important for investors to carefully consider their investment objectives and risk tolerance before investing in an ELSS fund.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Characteristics_of_ELSS_mutual_funds\"><\/span><strong>Characteristics of ELSS mutual funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ELSS mutual funds are a type of mutual fund that invest primarily in equity and equity-related instruments. They are called ELSS because they are eligible for tax deductions under Section 80C of the Indian Income Tax Act. Some key characteristics of ELSS funds include:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">1. They are diversified investment instruments, as they invest in a variety of stocks across different sectors and market capitalizations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">2. They have a mandatory lock-in period of three years, which means that the invested amount cannot be withdrawn before the completion of three years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">3. They offer the potential for higher returns compared to other tax-saving investment options such as fixed deposits and National Savings Certificates (NSCs).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">4. They carry higher risk compared to other debt-oriented tax-saving investment options, as they are subject to market volatility.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">5. They offer the advantage of tax deductions under Section 80C of the Indian Income Tax Act, up to a maximum of Rs. 1.5 lakhs per financial year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Benefits_of_ELSS_mutual_funds\"><\/span><strong>Benefits of ELSS mutual funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Some<\/span><span style=\"font-weight: 400;\"> of the benefits of investing in ELSS funds are:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>1. Tax savings:<\/strong> ELSS mutual funds offer the advantage of tax deductions under Section 80C of the Indian Income Tax Act, up to a maximum of Rs. 1.5 lakhs per financial year. This makes them an attractive investment option for individuals looking to save on taxes.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>2. Higher returns:<\/strong> They have the potential to generate higher returns compared to other tax-saving investment options such as fixed deposits and National Savings Certificates (NSCs).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>3. Diversification:<\/strong> ELSS fund invest in a variety of stocks across different sectors and market capitalizations, which helps to diversify the investment portfolio and reduce the overall risk.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>4. Flexibility:<\/strong> They offer the flexibility to choose from a wide range of funds, depending on the individual&#8217;s risk appetite and investment horizon.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>5. Professional management:<\/strong> They are managed by experienced fund managers who use their expertise and knowledge of the markets to make investment decisions on behalf of the investors. This can help to maximize returns and minimize risks.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is important to note that ELSS mutual funds are not guaranteed investment options and the returns from these funds may fluctuate depending on market conditions. Investors should carefully evaluate their risk appetite and investment horizon before investing in any mutual fund.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Risks_of_investing_in_ELSS_mutual_funds\"><\/span><strong>Risks of investing in ELSS mutual funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Investing in ELSS mutual funds carries certain risks, as with any other investment option. Some of the risks associated include:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-19429\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/12\/equity-elss-300x300.png\" alt=\"ELSS Mutual funds\" width=\"400\" height=\"400\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/12\/equity-elss-300x300.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/12\/equity-elss-150x150.png 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/12\/equity-elss-96x96.png 96w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/12\/equity-elss.png 512w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>1. Market risk:<\/strong> ELSS mutual funds invest primarily in equity and equity-related instruments, which are subject to market volatility. The value of the fund&#8217;s investments may fluctuate depending on market conditions, which can affect the returns generated by the fund.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>2. Credit risk:<\/strong> ELSS mutual funds may invest in debt instruments such as bonds and fixed income securities. These instruments are subject to credit risk, which is the risk that the issuer may default on their debt obligations and the investor may not receive the promised returns or principal amount.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>3. Interest rate risk:<\/strong> ELSS mutual funds may invest in instruments that are sensitive to changes in interest rates, such as bonds and fixed income securities. A rise in interest rates can cause the value of these instruments to decrease, which can impact the returns generated by the fund.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>4. Liquidity risk:<\/strong> ELSS mutual funds have a mandatory lock-in period of three years, which means that the invested amount cannot be withdrawn before the completion of three years. This can pose a liquidity risk for investors who may need access to their funds before the end of the lock-in period.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is important to carefully evaluate the risks associated with ELSS mutual funds before investing in them. Investors should consider their risk appetite and investment horizon before deciding whether these funds are suitable for their needs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Factors_to_consider_before_investing\"><\/span><strong>Factors to consider before investing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Before investing in ELSS mutual funds, there are several factors that investors should consider to ensure that they are making the right decision. Some of these factors include:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>1. Investment goals:<\/strong> Investors should clearly define their investment goals and objectives before choosing an ELSS mutual fund. This will help them to select a fund that is aligned with their financial goals and can provide the desired returns.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>2. Risk appetite:<\/strong> ELSS mutual funds invest primarily in equity and equity-related instruments, which are subject to market volatility. Investors should carefully evaluate their risk appetite and choose a fund that is suitable for their tolerance for risk.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>3. Investment horizon:<\/strong> ELSS mutual funds have a mandatory lock-in period of three years, which means that the invested amount cannot be withdrawn before the completion of three years. Investors should consider their investment horizon and ensure that they can stay invested for the required period.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>4. Asset allocation:<\/strong> ELSS mutual funds invest in a variety of stocks across different sectors and market capitalizations. Investors should evaluate the fund&#8217;s asset allocation and ensure that it is aligned with their investment objectives and risk appetite.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>5. Fund performance:<\/strong> Investors should carefully evaluate the historical performance of the ELSS mutual fund they are considering, as well as its past returns and volatility. This will help them to understand the fund&#8217;s risk-return profile and make an informed decision.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Who_should_invest_in_ELSS_funds\"><\/span><strong>Who should invest in ELSS funds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ELSS mutual funds are suitable for investors who are looking to save on taxes and have a moderate to high risk appetite. Some of the factors that may make an individual a suitable candidate for investing in these include:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>1. <\/strong><\/span><strong>A long-term investment horizon:<\/strong> ELSS mutual funds have a mandatory lock-in period of three years, which means that the invested amount cannot be withdrawn before the completion of three years. This makes them suitable for investors who have a long-term investment horizon and can afford to stay invested for a longer period.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>2. Moderate to high risk appetite: <\/strong><\/span><span style=\"font-weight: 400;\">ELSS mutual funds invest primarily in equity and equity-related instruments, which are subject to market volatility. This makes them suitable for investors who can tolerate the potential ups and downs of the stock market and are willing to take on higher risk in pursuit of higher returns.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>3. A need to save on taxes: <\/strong><\/span><span style=\"font-weight: 400;\">ELSS mutual funds offer the advantage of tax deductions under Section 80C of the Indian Income Tax Act, up to a maximum of Rs. 1.5 lakhs per financial year. This makes them an attractive investment option for individuals who are looking to save on taxes.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is important to note that ELSS mutual funds are not suitable for all investors and the decision to invest in them should be based on an individual&#8217;s specific financial goals, risk appetite, and investment horizon. Investors should carefully evaluate their personal circumstances and consult with a financial advisor before making any investment decisions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h1>How to invest in ELSS mutual funds?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">ELSS mutual funds can be purchased through different channels, including online platforms and physical investment outlets. Here are the steps to invest in them:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>1. Choose a mutual fund scheme: <\/strong>Investors can choose a scheme based on their investment goals, risk appetite, and investment horizon. It is important to compare the performance, asset allocation, and other details of different schemes before making a decision.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>2. Fill out the application form: <\/strong>Most AMCs provide application forms on their websites or at their physical outlets. Investors can fill out the form with their personal and financial details, as well as the investment amount and other necessary information.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>3. Submit the form along with the required documents:<\/strong> The application form needs to be submitted along with the necessary documents, such as proof of identity, proof of address, and bank details.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>4. Make the payment: <\/strong>The investment amount can be paid through a variety of payment modes, such as cheque, net banking, or debit\/credit card.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>5. Keep track of the investment: <\/strong>After the investment has been made, investors can track the performance of their ELSS funds through regular statements and reports provided by the AMC.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It is important to carefully evaluate the different ELSS schemes available and choose the one that is best suited to the individual&#8217;s investment goals and risk appetite. Investors should also ensure that they are eligible to invest in ELSS funds and that their investment meets the tax-saving limits under Section 80C of the Indian Income Tax Act.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span><strong>Interested in how we think about the markets?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more: <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/PTJ_lQXIAQ4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/app.kuvera.in\/\">Kuvera.in<\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\">Direct Plans<\/a> and <a href=\"https:\/\/app.kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a> and <a href=\"https:\/\/kuvera.in\/user\/login\">start investing today.<\/a><\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are ELSS mutual funds &nbsp; ELSS, or Equity Linked Savings Scheme, is a type of mutual fund that invests in stocks and other equity securities. ELSS funds are similar to other equity mutual funds, but they have an added tax benefit for investors in India. Investments in these funds are eligible for a tax [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/elss-mutual-funds-explained\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":19431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[72,99],"tags":[1932,1528,69,989,726,1944,1351,1926,123,897],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ELSS mutual funds explained | Kuvera<\/title>\n<meta name=\"description\" content=\"Understanding elss mutual funds, their pros and cons and weather you should invest in ELSS mutual funds to save taxes?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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