SBI Tax Saver Mutual Fund

SBI ELSS (Equity Linked Savings Scheme) is a type of mutual fund that invests in equity securities. It is a tax-saving scheme that allows you to save up to ₹1.5 lakhs in taxes under Section 80C of the Income Tax Act, 1961. ELSS funds have a lock-in period of 3 years. This means you cannot redeem your investment before the end of the 3-year period. However, if you redeem your investment before the end of the 3-year period, you will have to pay a penalty of 1% per month on the amount redeemed.

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  • Equity Linked Savings Scheme

Best Mutual Funds 2024

Result Showing 1-25 of 34 Mutual Funds

    Mutual Fund Schemes
    Category
    Nav
    5Y Returns
    AUM
    (in Cr.)
    Compare
    elss
    80.34Feb 23, 2024
    29%
    ₹33

    Add to Compare

    elss
    63.98Feb 23, 2024
    29%
    ₹33

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    elss
    42.66Feb 23, 2024
    29%
    ₹194

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    elss
    61.42Feb 23, 2024
    28%
    ₹33

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    elss
    36.20Feb 23, 2024
    29%
    ₹194

    Add to Compare

    elss
    77.19Feb 23, 2024
    28%
    ₹33

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    elss
    34.64Feb 23, 2024
    28%
    ₹194

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    elss
    40.89Feb 23, 2024
    28%
    ₹194

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    elss
    40.25Feb 23, 2024
    25%
    ₹64

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    elss
    33.92Feb 23, 2024
    25%
    ₹64

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    elss
    37.96Feb 23, 2024
    24%
    ₹64

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    elss
    32.14Feb 23, 2024
    24%
    ₹64

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    elss
    39.20Feb 23, 2024
    24%
    ₹36

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    elss
    33.17Feb 23, 2024
    24%
    ₹36

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    elss
    37.64Feb 23, 2024
    24%
    ₹44

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    elss
    31.73Feb 23, 2024
    24%
    ₹44

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    elss
    37.91Feb 23, 2024
    23%
    ₹36

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    elss
    32.05Feb 23, 2024
    23%
    ₹36

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    elss
    36.39Feb 23, 2024
    23%
    ₹44

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    elss
    30.64Feb 23, 2024
    23%
    ₹44

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    elss
    27.51Feb 23, 2024
    23%
    ₹271

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    elss
    27.48Feb 23, 2024
    23%
    ₹271

    Add to Compare

    elss
    26.62Feb 23, 2024
    22%
    ₹271

    Add to Compare

    elss
    395.93Feb 23, 2024
    22%
    ₹18,714

    Add to Compare

    elss
    98.07Feb 23, 2024
    21%
    ₹18,714

    Add to Compare

    Result Showing 1-25 of 34 Mutual Funds

    Investment Objective of SBI Tax Saver Fund

    The investment objective of the SBI ELSS (Equity Linked Saving Scheme) Mutual Fund is to provide long-term capital growth by primarily investing in a diversified portfolio of equity and equity-related instruments. The fund aims to offer tax benefits to investors under Section 80C of the Income Tax Act, making it an attractive option for individuals seeking tax-efficient wealth creation and potential capital appreciation.

    Risk Involved in SBI Tax Saver Mutual Fund

    SBI ELSS Mutual Fund carries certain risks that investors should be aware of. Equity investments within the fund are subject to market volatility and can be influenced by various factors impacting stock prices. Market risks can result in potential fluctuations in the fund's net asset value (NAV) and potential capital loss. Investors should understand that past performance does not indicate future results and carefully consider their risk tolerance before investing in SBI ELSS Mutual Fund.

    Return Potential in SBI ELSS Mutual Fund

    SBI ELSS Mutual Fund offers the potential for long-term capital appreciation. By investing primarily in equity and equity-related instruments, the fund aims to generate returns that align with the performance of the underlying securities. SBI ELSS Mutual Fund returns depend on the market conditions, the fund manager's investment decisions, and the performance of the underlying stocks. Investors should consider their investment horizon and risk tolerance while assessing the return potential of SBI ELSS Mutual Fund.

    Who Should Invest in SBI ELSS Mutual Funds?

    SBI ELSS (Equity Linked Saving Scheme) Mutual Funds are suitable for individuals seeking long-term capital appreciation and tax benefits. It is an ideal investment option for those with a higher risk tolerance and a longer investment horizon. Investors looking to save taxes under Section 80C of the Income Tax Act can benefit from investing in SBI ELSS Mutual Funds.

    Things To Consider Before Investing in SBI ELSS Mutual Fund

    Before investing in SBI ELSS Mutual Fund, consider the following factors:

    1. Investment Horizon: ELSS funds are suitable for long-term investments of at least three years or more.
    2. Risk Profile: ELSS funds have exposure to equity markets, which carry inherent market risks. Assess your risk tolerance before investing.
    3. Tax Planning: Understand the tax implications, lock-in period, and potential tax benefits ELSS funds offer.
    4. Fund Performance: Evaluate the historical performance and track record of SBI ELSS Mutual Fund, considering factors like returns, fund manager expertise, and consistency.

    Tax on SBI ELSS  Mutual Fund

    SBI ELSS Mutual Fund offers tax benefits under Section 80C of the Income Tax Act. Investments in ELSS funds are eligible for tax deductions up to Rs. 1.5 lakh in a financial year. However, it's important to note that ELSS funds have a mandatory lock-in period of three years, during which the invested amount cannot be redeemed or withdrawn.

    Additionally, long-term capital gains (LTCG) tax may apply if gains exceed Rs. 1 lakh. Investors should consult a tax advisor or refer to the latest tax regulations for accurate and up-to-date information on the tax implications of SBI ELSS Mutual Fund.

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    FAQs

    How is SBI ELSS Mutual Fund doing?

    SBI ELSS Mutual Fund is a good performing fund. It has been consistently giving good returns over the past few years. In the last 3 years, the fund has given a return of 16.4%, 17.8%, and 18.2%, respectively. The fund is managed by a team of experienced professionals who have a good track record of managing funds.

    Is SBI ELSS Mutual Fund Safe?

    No investment is completely safe. However, SBI ELSS Mutual Fund is a relatively safe investment. The fund invests in a diversified portfolio of stocks, which helps to reduce risk. The fund also has a low expense ratio, which means that you keep more of your investment returns.

    Is it good to invest in ELSS funds?

    ELSS funds are a good investment option for investors who want to save tax and earn good returns. ELSS funds offer a tax deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. The funds also have the potential to generate good returns over the long term.
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