Be careful about TAX saving (ELSS) dates... read more

This financial year all ELSS investors are required to be very careful with the date of their investment to claim sec 80C benefits, as you know the new SEBI regulations do not allow the NAV on the basis of investment date, rather the units are now allotted on the basis of funds clearance date. Hence if you are a looking to invest in ELSS to claim tax advantages for the financial year 2021, then you must make your investments in the ELSS Funds by 25th March 2021. In case you are looking to invest on the last day of the month, then make sure that you do it through RTGS transfers only. Read More Details as given below

SEBI, in its latest circular, has said that the new NAV rules will be applicable starting Feb 1, 2021. The Securities and Exchanges Board of India has brought in new rules for NAV (net asset value) applicability for mutual fund schemes. SEBI circular had said that investors would get NAV once the money reaches the fund house irrespective of the investment amount from Feb 1. As of now, investors get the same day NAV if they invest up to Rs 2 lakh before the cut off time. When the new NAV rules become effective, investors will get NAV only upon realization of funds by the AMC.

Keeping the above in view, we have suggested our investors to complete their ELSS (Equity Linked Saving Scheme) investment quota before 25th March 2021; they should not wait for the last date. In case you are looking to invest on last few days, like 30th or 31st March 2021, then you should use the RTGS route or NEFT route to submit your investments.



Which are the top performing ELSS funds eligible for TAX saving investments?



Invest Online through https://infirupee.com or Mobile Application "FundConnect"


////////////////////

Watch the video to see "How to invest online through www.infirupee.com"

Disclaimer : Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

While all efforts have been taken to make this blog page as authentic as possible, please refer to the data source used in the blog - https://www.valueresearchonline.com & https://www1.nseindia.com, for more details or authentication of the tables shown above. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise.

48 views0 comments