Today its 9th day of lockdown and COVID-19 spread its anxiety everywhere. It’s a giant problem or reason for recession and unemployment.
The whole world is trying to discover a vaccine for the COVID-19. But all doctors and scientists are still failed and they all are still working on their discoveries.
But it’s a great time to spend some time with your family or stay home and stay safe.
In also addition it’s a great time to take rest with your daily workload and plan to make secure your family in the future.
Where Govt of India extends the financial year from 31st March 2020 to 30th April 2020. It is good for investors to save tax and earn profit with a relax mind at home safely with COVID-19.
In our previous blog, we mentioned some investment opportunities in this lockdown period in which we had already described that Mutual Funds are very good and more profitability opportunities.
ELSS Funds (Equity Linked Saving Funds)
Where financial planning is the most important in this modern era. Another side income tax is also a big problem for everyone. Therefore, the ELSS Funds is one type of Mutual Fund having a minimum lock-in period which helps to save some tax and earn a profit or convert your losses into gain.
Under the ELSS Funds investor can save tax up to ₹ 46,800 per annum on investing ₹ 1.5 lakh.
ELSS Fund has one simple formula:
ELSS= Tax Save + Create Wealth
Following are some ELSS funds to invest:
- Axis Long Term Equity Fund
- Invesco India Tax Plan
- Motilal Oswal Long Term Equity Fund
- Tata India Tax Saving Fund
- L&T Tax Advantage Fund
- Aditya Birla Sun Life Tax Relief 96
- Canara Robeco Equity Tax Saver Funds
- IDBI Equity Advantage Funds
- SBI Long Term Advantage Funds
- Kotak Tax Saver Plan
Other Mutual Fund to invest:
- Axis Growth Opportunity Funds
- Canara Robeco Emerging Equity Funds
- HDFC Growth opportunity Funds
- ICICI Prudential Large & Mid Cap Funds
- Invesco India Growth Opportunity Funds
- L&T Large and Mid- Cap Funds
- Kotak Equity Opportunity Funds
- Nippon India Vision Funds
- Aditya Birla Sun Life Equity Advantage Funds
- Motilal Oswal Large & Mid Cap funds
Stay Home and Stay Safe
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