Should I exit from Nippon India Tax Saver Fund?

Though the performance of Nippon India Tax Saver (ELSS) Fund has not been good in the past, the scheme has started picking up recently. It is better to wait for now. You can exit the fund when it starts performing really well.

How good is Reliance Tax Saver Fund?

Yes, the Reliance Tax Saver ELSS Fund has performed very well in the past with a return rate of 16.42\%. This is a suitable option for investing in an ELSS scheme.

Can I switch ELSS fund before 3 years?

You cannot redeem or switch your ELSS investment before 3 years. This also applies to investments in ELSS funds through systematic investment plans (SIPs). You can only withdraw each installment after three years of lock-in.

How do I withdraw ELSS before maturity?

The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount.

When should I exit ELSS?

An Equity Linked Savings Scheme (ELSS) is an equity mutual fund that offers tax deduction benefits under Section 80C of the Income Tax Act, 1961 along with the potential of earning market-linked returns….What to do after the lock-in ends.

When should I stop ELSS?

You don’t have to necessarily exit after 3 years The popular reason for many investors to prefer ELSS funds is that its lock-in period is the lowest at just 3 years. Comparatively, other assets like PPF and long term deposits have lock-in periods of more than 5 years.

What is reliance tax Saver fund (ELSS)?

Reliance Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) which offers long-term capital appreciation. The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years. Reliance Tax Saver Fund growth helps the investors to get tax deduction under Section 80C of Income Tax Act, 1961.

How does reliance tax Saver fund G work?

The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years. Reliance Tax Saver Fund growth helps the investors to get tax deduction under Section 80C of Income Tax Act, 1961. Reliance Tax Saver Fund G significantly invests in two or three sectors, and also take exposure in MNCs.

What is tax Saver fund (G)?

Nippon India Tax Saver (ELSS) Fund (G) was previously known as Reliance Tax Saver (ELSS) Fund (G) Reliance Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) which offers long-term capital appreciation. The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years.

When was ELSS Fund launched?

Fund Details Category ELSS Fund Type Open Ended Investment Plan Growth Launch Date 21 September, 2005 Benchmark S&P BSE 100