Gmail - SHALAB,Save taxes this FY with ELSS 11/04/22, 7:10 PM

shalab vaishnav <tonyjaashalab@gmail.com>

SHALAB,Save taxes this FY with ELSS

1 message

Sharekhan <no-reply@customercommunication.sharekhan.com> Mon, Apr 11, 2022 at 1:27 PM

Reply-To: Sharekhan <bounce@customercommunication.sharekhan.com>
To: tonyjaashalab@gmail.com

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Dear SHALAB,

The tax-saving season has just ended and the new FY has begun! If you had invested smartly in
tax saving options, you would have saved quite a lot in taxes, however, if you could not make the
right investments and had to shell out heavily in the form of taxes, you should seriously consider
investing early to avail of the myriad benefits of tax saving instruments.

Let’s take a look at each of them:

Maximize tax savings: Beginning early means you know how much to save for your investments
in the forthcoming year. You can also plan your expenses better so you can avail of the full benefits
of 80C tax Savings. On the other hand, if you scramble at the last moment you may not have
sufficient savings and may be forced to pay higher taxes.

Make informed decisions according to your risk appetite: If you hurry through your investments
at the last moment, there is a chance you may land up investing in assets that are neither suited to
your risk appetite nor suited for your needs. However, if you begin early, you can pick and choose
the kind of investments that are suited to your needs, goals and risk appetite.

You have a chance to earn higher returns: Here is a simple truth of the investment universe: the
longer your money remains invested, the greater are the chances of a higher return. Hence, if you

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invest early your investments have the potential to offer higher returns for the entire year!

Tax saving is also about your financial goals: If you start planning your taxes right from the
beginning, you can align your financial goals to match them.

So now that we have covered the different advantages of starting your tax planning early, let’s look
at a popular tax-saving instrument. Yes, we are talking about ELSS!

ELSS offers numerous benefits in comparison to other tax-saving instruments. Let’s take a look at a
few of them.

It is the only kind of mutual fund scheme eligible for tax deduction under section 80C of the
Income Tax Act, 1961.
You can get a tax exemption of up to Rs.150000 and save up to Rs.46,800* in taxes by
investing in it.
Your money gets invested in equity assets thus creating potential long term wealth
ELSS comes with a lock-in period of just 3 years as opposed to other schemes which come
with a lock-in period of 5, 10 and maybe even 15 years
ELSS is the only tax saving instrument that has the potential to offer inflation-beating returns
ELSS is one of the few truly diversified funds as there is no restriction on market
capitalization exposure.
Thanks to the 3-year lock-in period, the fund manager can focus on the long term and not
worry about managing short-term cash flows for meeting any redemption requests.
By systematically investing via a SIP, you create a discipline of saving and investing for the
long run

Now that you know the umpteen benefits of beginning your investments early and also investing in
ELSS, what are you waiting for?

or
Contact your Relationship Manager

Warm Regards,

Mustafa Pardiwala
Head, Super Traders Segment

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Gmail - SHALAB,Save taxes this FY with ELSS 11/04/22, 7:10 PM

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