Very useful information. One important information omitted. While the interest earned in ppf and NSC is tax-free, gains earned in less while selling Elss is not tax-free. This crucial information needs to be told. However, the tax adjusted return in Elss would be still more beneficial when compared with pof or nsc
Just to add. When we do SIP in ELSS. Each SIP will have a lock in of 3 years. For example, if I'm paying 36 month SIP then that SIP will be locked for 3 more years.. So, im confused whether should i go with lumpsum??
That's right, if you buy for Rs 1000 at Jan 2023, Rs 1000 at Feb 2023 - Each of them will be released on Jan 2026, Feb 2026 respectively, which is an advantage of having steady inflow of free units each month. If you are CONFIDENT about the market conditions and feel it is undervalued at this moment, Lumpsum makes sense, else it is always RECOMMENDED to choose SIP route.
Yes agreed but i think this 3 year lockin will mislead people who are planning SIP. People might not aware that whole amount can't be pulled out at the end of third year...only the 1st SIP will be released at the third order. So to get the full amount they have to wait for 6 years if they have done 3 year SIP... Only lump sum can be redeemed at the third year..
3:28 I have one doubt bro.. 80C PPF, EPF, NOC, ELSS ellam senthu 1.5L exceptiona illa PPF 1.5 exception and EPE 1.5 exception ippdi separate separate a exception vangalama.
Bro I'm new for this ELSS mutual fund. My age is 25. I'm planning to inverse 5k SIP in mutual fund. Ipo enoda investment amount ah split panni Quant and mirae tax saver la podalamnu oru idea .. but epudi split panradhu nu oru confusion 50-50 or ?. Give me some suggestions
Do a video about taxes on mutual fund, if we do a partial redeem on the total returns (eg out of 2 lakhs profit if i redeem 1 lakh from that and again investing, is that 1 lakh taxable)
Hi Mr. Boosan. Keep doing the great work. I have a question. If the New tax regime is better than old regime for me, is it still recommended to continue ELSS funds in SIP? Or it is better to stop the SIP and invest in some other equity, since new tax regime has no elss deductions. hope u got the question!
Hi Boosan bro.. I have opened Axis ELSS MF and investing in SIP method. Investing from 2019. Now i am looking to switch to direct fund. Using GROW app. But i am unable to switch. Could you please help me how to switch from regular to direct fund. If it is not possbile to switch. What are the other safest ways.. please reply.
Hi, Currently, I started to learn about ELSS and decided to invest in an ELSS tax-saving plan to reduce my tax. If I choose SIP, is it okay for tax deduction, or do I have to go for a lump sum? For now, which one works for tax deduction?
The app like icici, hdfc etc you are using to invest in ELSS, it is having an option elss tax saver sip, from that list you can choose and invest which will be eligible for tax saving
Do a video about taxes on mutual fund, if we do a partial redeem on the total returns (eg out of 2 lakhs profit if i redeem 1 lakh from that and again investing, is that 1 lakh taxable)
Hollo bro enku oru doubt eruku bro yearly yearly 1 lakh withdrawal panuren capital gain tax katana ma on the 1 lakh thirupi 5 day after re investment panuren apna investment connaku laganathan Varun apna investment no tax than varum bro solluga bro
Boosan, I was expecting the difference between ELSS and equity.. When you say the ELSS can give 15-20%, then why do we go for equity.. should not go misleading..
@@finance.boosan Okay.. What I meant was ELSS and non ELSS equity.. and we generally talk more than 10 years for equity investment.. how does this ELSS give benefit with 3 years.. do we see a risk, if no how
@@TheDiscreet After 3Y lock-in it is optional for us to withdraw or leave the ELSS investment as is, but it is always recommended 6:59 to hold a long term view when it comes to equity. ELSS is no different from any other Equity investment other than the imposed lock-in & tax benefits.
Old vs New Regime | Which is better? Tax Saving Options | Income Tax Planning Guide 2024 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BlNuqacSf50.html
Ok bro iam a business man if i invest every month 20,000 in SIP for 15-20 years What would i want to choose 1. SIP - Small cap or large and mid 2. SIP - Elss for tax saving 3. SIP - index fund Doubts - 2500 for 8 different SIP is best or 2 or 3 is best For SIP without ELSS while withdrawing after 20 years should i want to pay tax
Do a video about taxes on mutual fund, if we do a partial redeem on the total returns (eg out of 2 lakhs profit if i redeem 1 lakh from that and again investing, is that 1 lakh taxable)
Bro ELSS la oru doubt, ELSS nama epo open pandramo apo irunthu 3yrs apram amount eduklama ila ELSS stop pani 3yrs kalichi tha eduka mudiyuma, romba nala doubt bro pls tell
நீங்க Jan 2024 la invest panna Jan 2026 la l withdraw panna முடியும். இது LUMPSUM கு தான் பொருந்தும். But SIP LA Jan month la invest panna Units தான் sale panna முடியும். Feb 24 month la invest pannadhu Feb 26 la dhan sale panna முடியும்
I have a doubt about ELSS funds if i invest in 2024 1.5L then I can only detect in 2024 only or i can detect with the same amount investment and detect every year
Hi bro, I have few questions. Let's say we are investing 3L in FD with 5yrs lock in period for 1.5L deductions under 80C. 1. Can we show this for the next 5 financial years or only the current financial year? 2. Let's say we break the FD due to some emergency situation after 2 years, what will happen in that situation since we claimed some amount with tax deduction?
1. You can claim 80C deduction only in the year of investment/payment of premium. You got to invest 150000 Rs again next year... not just in elss, you can consider life insurance/sss in post office/NSC/PPF/etc and also school term fees paid for 2 kids. 2. I think you cannot preclose tax saver FD within 5 years unless in case of death, the legal heir can.
Yes, gains from ELSS are subject to taxation just like any other equity investments. If you would like to learn about taxation on capital gains, please watch this video : ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-DPuYAGO1x88.html
I am a super senior citizen having net taxable income including other income exceeds Rs 5lacs for fy 22-23 pension plus.I. I have to pay tax only for the amount exceeding Rs5 lacs ? Or to pay addl amount of Rs Rs12500 from 2.5 to 5lacs namaste? There are different version pl clarify namaste
Your videos are so crisp and well articulated. Thanks man! If we do ELSS On monthly SIP lock in period will also extent right! Ex: Jun 2023 if am doing SIP of 5k i can only withdraw the amount on Jun 2026 know.?
Thank you Vijay, Yes each SIP instalment will have its own lock in. To know more watch the shorts below : ELSS funds : 2 Misconceptions Common among new investors ru-vid.comhOpqpAyORyU?feature=share
@@finance.boosan ippo January 2024 la sip start panna January 2026 la 3 year complete aagum...the January 2029 la total amount withdrawa pannalama sir...2026 to 2029 sip pannamayum vidalam apdi thaana sir
