Tax-Saving Season: Bajaj Finserv MF Online Launches Exclusive ELSS Insights for Smart Tax Planning

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Tax-Saving Season: Bajaj Finserv MF Online Launches Exclusive ELSS Insights for Smart Tax Planning

 

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With tax season knocking at the door, creating wealth assumes a twin goal: saving taxes while creating wealth. ELSS helps in achieving this right balance: they save tax under 80C and can generate market-linked returns. Bajaj Finserv now offers exclusive ELSS insights through its MF Online platform enabling investors to be better-informed and tax-efficient in their investment decisions. Over and above the ELSS insights, the MF Calculator, and the best mutual funds for sip that Bajaj Finserv brings in for the ease of tax planning for the investors.

 

Understanding ELSS Funds

 

ELSS is essentially a mutual fund that mainly invests in equities. The crux of ELSS funds lies in the fact that they offer more potential returns compared to other tax saving instruments at just a lock-in period of three years. Investments in ELSS funds are eligible for tax under Section 80C of the Income Tax Act up to ₹1.5 lakh. Hence, it becomes a hot choice by everyone desirous of growth coupled with tax advantage at one go.

 

The investors can log on to the MF Online platform of Bajaj Finserv and get a sieved list of ELSS funds tailored for myriad financial objectives. This further helps in making investors choose suitable options that represent their tax planning and investment preference.

 

Why ELSS is a Smart Tax-Saving Tool

 

ELSS funds stand unique for specific benefits which other tax-saving instruments cannot match:

 

These ELSS funds invest in equities and have historically offered higher returns over time as compared to traditional options such as fixed deposits or PPF.

 

• Short lock-in period: ELSS funds have only a three-year lock-in period, which is the shortest of all Section 80C options, and allow for raising liquidity quicker.
• Dual Benefits: ELSS funds assist investors in saving money on taxes while they create wealth, thus making it an ideal pick for any investor who wishes to combine tax-saving with growth.

 

Bajaj Finserv’s online platform offers ELSS options that are suitable to meet different investment goals and varied risk levels for those seeking maximum tax savings and growth.

 

Bajaj Finserv’s ELSS Picks for Tax-Saving Season

 

Bajaj Finserv, for easier selection, also provides the best mutual funds for SIP under ELSS. These mutual funds are structured in such a way that the maximum benefit is there from the tax saving season for investors in the process of building a powerful portfolio.

 

1. Growth-oriented ELSS Funds

High-growth stock funds, broadly large-cap sector stocks. Suitable for investors willing to take on a higher risk for the potential return; it does well in long-term wealth generation, especially through SIPs.

 

Example Fund: Bajaj Finserv Growth ELSS Fund (illustrative)

Risk Level: High

Investment Horizon: 5+ years

2. Balanced ELSS Funds

 

These are balanced funds invested in both equity and debt; hence they offer moderate growth with some stability. Such investments are apt for those who want to achieve a balance between risk and returns. Such funds therefore combine both stability and the potential for growth.

Bajaj Finserv Balanced ELSS Fund, example fund

Risk Level: Moderate

Investment Horizon: 3-5 years

3. Value-Oriented ELSS Funds

 

Value-oriented ELSS funds concentrate on undervalued stocks having prospects of growth. These are conservative equity funds, with ideal utilisations in case a risk tolerance is modest with steady growth at the least amount of risk.

 

Example Fund: Bajaj Finserv Value ELSS Fund (for illustration)

Risk Level: Moderate

Investment Horizon: 5+ years

 

Planning ELSS Investments with the MF Calculator

 

The MF Calculator from Bajaj Finserv is an excellent tool for assessing the returns that one investor will make on ELSS. It assists investors in knowing the right place to set their financial goals. How do you use it?

 

• Investment Amount: Input this figure, the amount to be invested on a monthly or yearly basis, which would act as a base for return calculation.
• Expected Rate of Return: Input the expected rate based on the type of ELSS fund. Growth-oriented funds generally offer higher returns than balanced funds.
• Investment Tenure: Tenor should be a minimum of three years so that the lock-in period can be countered. Horizons are longer if and where compound growth can occur.
• Review Maturity Value: The calculator provides an approximate maturity value. This implies for an investor how much is likely to be returned.

 

This is indeed useful for tax planning as one can assess how the ELSS investments tally with the objective of either saving taxes and building up wealth.

 

Why Bajaj Finserv’s MF Online Platform is the Perfect Fit for ELSS

 

The Bajaj Finserv MF Online platform provides you with the freedom to make a selection, invest, and track ELSS funds hassle-free. Here are the primary reasons it is perfect for tax-saving investment:

 

• Comprehensive Elucidation: The website gives a full understanding of each ELSS fund with detailed performance, risk level, and investment strategy details.
• Freedom of SIPs: One can even initiate SIPs, starting with a minimum sum of ₹ 500 a month. This means that now, all sections of people can invest in ELSS easily.
• Easy Management: Investors can manage their portfolios, see returns, and adjust as necessary. It offers complete control.
• Educational Resources: Guides, articles, and the MF Calculator are included within the platform to empower investors in tax-saving decisions.

ELSS for Year-End Tax Planning

ELSS funds are a timely opportunity for tax reduction in the time of tax season along with building a growth-oriented portfolio. With a short lock-in, high return potential, and options for all pockets, ELSS funds form a strategic choice for tax planning. Bajaj Finserv’s exclusive ELSS insights on MF Online present investors with informed choices with data and easy access to tax-saving mutual funds.

Conclusion

As tax-saving season approaches, one can very well make the best strategy of financial planning with the ELSS offers of Bajaj Finserv on MF Online. Combining tax benefits with growth potential, ELSS funds become powerful tools for piling up your savings. With detailed insights into the fund, the MF Calculator, and user-friendly online tools, Bajaj Finserv offers a seamless approach towards tax planning and investing. Begin your ELSS journey today and maximise tax benefits while securing your financial future.