Benefits Of ELSS
vis-A-vis The Regular Tax Saving Options.
|
Instrument |
Safety/Risk |
Lock-In(Years) |
Returns |
Tax Free Gains |
|
SCSS (Senior Citizens Saving Scheme) |
Low Risk |
5 |
7.4%^ |
No |
|
NSC (National Savings Certificate) |
Highest Safety |
5 |
6.8%^ |
No |
|
PPF(Public Provident Fund) |
Highest Safety |
15 |
7.1%^ |
Yes |
|
Bank FD |
Low Risk |
5 |
6.20* |
No |
|
ELSS (Equity linked savings scheme) |
High Risk |
3 |
Market Linked |
No |
|
Life Insurance Premiums |
Moderate Risk |
Minimum 5 |
Variable |
Yes |
|
NPS (National Pension System) |
Moderate Risk |
Till age 60 |
Variable |
Partially |
|
EPF (Employee Provident Fund) |
Low Risk |
Till age 60 |
8.50% |
Yes |
|
Sukanya Samriddhi Yojana |
Low Risk |
15 |
7.6%^ |
Yes |
^ Rates Applicable For Jan-Mar 2021; * For Non Senior Citizens
Get 5.40% From SBI
Source : Finance Ministry For Government-Linked Investment
Returns
ELSS
Calculation
Age
What is your current Taxable Income ?
Tax to be paid
₹ 1,365,000
How much can you invest in ELSS to save tax?
Applicable Tax post ELSS investment
₹ 1,318,200
Disclaimers
Surcharge on income above 50 lakhs is not considered for above
computation.
Individuals having total income not exceeding Rs. 500,000 can
avail rebate of lower of actual tax liability or Rs. 12,500.
In case of a resident individual of the age of 60 years or above
but below 80 years, the basic exemption limit is Rs.300,000.
In case of a resident individual of age of 80 years or above,
the basic exemption limit is Rs 500,000.
Health and Education cess @ 4% on aggregate of base tax and
surcharge
The above computation is basis the old Personal tax regime.
Income tax benefits to the mutual fund and unit holders will be
based on prevailing tax laws
The information mentioned
above is for general information and understanding purposes only and should not
be construed as legal/tax /investment advice in any manner. Investors should
consult their own tax consultant / financial advisor to understand specific tax
implications arising out of their investment in Equity Linked Savings Schemes
(ELSS). ELSS or tax saving mutual fund schemes help investors ( Individuals /
HUF) save tax under Section 80C of the Income Tax Act, 1961. Investments in
ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction
of upto Rs 1.5 lakh.
sbi long term equity
fund (ELSS)
RISK RATIOS
Ratios calculated on daily returns for last 3 years (Updated as on 01st January, 1970)
No data available. Ratios are only available for the funds which
are 3 years old.
Standard Deviation value gives an idea about how volatile
fund returns has been in the past 3 years. Lower value indicates more
predictable performance. So if you are comparing 2 funds (lets say Fund A and
Fund B) in the same category. If Fund A and Fund B has given 9% returns in last
3 years, but Fund A standard deviation value is lower than Fund B. So you can
say that there is a higher chance that Fund A will continue giving similar
returns in future also whereas Fund B returns may vary.
Beta value gives idea about how volatile fund
performance has been compared to similar funds in the market. Lower beta
implies the fund gives more predictable performance compared to similar funds
in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in
the same category. If Fund A and Fund B has given 9% returns in last 3 years,
but Fund A beta value is lower than Fund B. So you can say that there is a
higher chance that Fund A will continue giving similar returns in future also
whereas Fund B returns may vary.
Sharpe ratio indicates how much risk was taken to
generate the returns. Higher the value means, fund has been able to give better
returns for the amount of risk taken. . It is calculated by subtracting the
risk-free return, defined as an Indian Government Bond, from the fund’s
returns, and then dividing by the standard deviation of returns. For example,
if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe
ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as
it has given higher risk-adjusted return.
Treynor’s ratio indicates how much excess return
was generated for each unit of risk taken. Higher the value means, fund has
been able to give better returns for the amount of risk taken. It is calculated
by subtracting the risk-free return, defined as an Indian Government Bond, from
the fund’s returns, and then dividing by the beta of returns. For example, if
fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor’s
ratio of 1.40 and fund B has a Treynor’s ratio of 1.25, then you can chooses
fund A, as it has given higher risk-adjusted return.
Alpha indicates how fund generated additional
returns compared to a benchmark. . Let’s say if a fund A benchmarks its returns
with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the
nifty returns by 1%, so the higher the alpha, the better.
RETURNS (NAV as on 17th June,
2021)
|
Period Invested for |
₹10000 Invested on |
Latest Value |
Absolute Returns |
Annualised Returns |
Category Avg |
Rank within Category |
|
1 Week |
10-Jun-21 |
9935.50 |
-0.65% |
- |
-0.55% |
43/68 |
|
1 Month |
17-May-21 |
10688.10 |
6.88% |
- |
6.65% |
39/68 |
|
3 Month |
17-Mar-21 |
11067.70 |
10.68% |
- |
10.63% |
32/68 |
|
6 Month |
17-Dec-20 |
12004.40 |
20.04% |
- |
21.87% |
36/68 |
|
YTD |
01-Jan-21 |
11733.10 |
17.33% |
- |
19.97% |
36/68 |
|
1 Year |
17-Jun-20 |
16385.60 |
63.86% |
63.86% |
69.24% |
37/68 |
|
2 Year |
17-Jun-19 |
14269.80 |
42.70% |
19.43% |
20.56% |
34/66 |
|
3 Year |
15-Jun-18 |
14396.60 |
43.97% |
12.88% |
12.56% |
25/62 |
|
5 Year |
17-Jun-16 |
18082.10 |
80.82% |
12.57% |
14.91% |
35/46 |
|
10 Year |
17-Jun-11 |
35040.70 |
250.41% |
13.35% |
13.74% |
18/30 |
|
Since Inception |
31-Mar-93 |
200677.90 |
1906.78% |
11.21% |
14.25% |
51/64 |
SIP RETURNS (NAV as on 17th June,
2021)
|
Period Invested for |
₹1000 SIP Started on |
Investments |
Latest Value |
Absolute Returns |
Annualised Returns |
|
1 Year |
17-Jun-20 |
12000 |
15347.32 |
27.89 % |
55.41 % |
|
2 Year |
17-Jun-19 |
24000 |
33575.86 |
39.9 % |
35.99 % |
|
3 Year |
15-Jun-18 |
36000 |
50983.44 |
41.62 % |
23.93 % |
|
5 Year |
17-Jun-16 |
60000 |
88217.2 |
47.03 % |
15.4 % |
|
10 Year |
17-Jun-11 |
120000 |
249753.94 |
108.13 % |
14.03 % |
Word of the Day
Advance Tax in simple words is the payment of Income Tax before the end of the fiscal year.
Advance tax basically means paying your tax the moment you receive your income.
This tax can be paid in installments instead of a lump sum. This is favorable for the government as it creates a continuous flow of income.
Once the advance tax is paid, the government assesses your tax liabilities. Depending on that amount, you either get a tax surplus(refund) or a tax deficit.
Freelancers, salaried taxpayers, businesses, and professionals are eligible to pay advance tax.
Due dates are as follows, at least 15% by 15th June, at least 45% by 15th September, at least 75% by 15th December, and 100% by 15th March.
