What can be a better option than saving on tax while creating wealth too. Sounds great, right!
Invest in an ELSS scheme and enjoy the double benefit of saving tax and growing wealth at the same time.
Save tax upto Rs.46,350* and grow your wealth at the same time
DHFL Pramerica Long Term Equity Fund
(An Open Ended Equity Linked Savings Scheme with
a statutory lock-in of 3 years and tax benefit)
DHFL Pramerica Long Term Equity Fund, an Equity-Linked Saving Scheme (ELSS) is a type of mutual fund, with a
minimum lock in period of 3 years that’s suited for long term wealth creation. It falls under section 80C of
the Income Tax Act, 1961, which means it allows you to get a tax deduction on investments of upto Rs. 1,50,000*
Good question! Here’s why ELSS is an ideal tax saving option for you:
Lowest lock-in period of only 3 years
versus other tax saving investment options
Ease of Investing: Invest and Track
on the go
Wealth generates better over time with
equity market investments
Invest in ELSS through SIP to gain from
SIP benefits as well
|DHFL Pramerica Long
Term Equity Fund(ELSS)
|Duration||Open Ended||15 Years||5 Years||5 Years||Open Ended|
|Lock-in period||3 Years||15 Years||5 Years||5 Years||5 Years|
|Max. Amount||No Limit||1,50,000||No Limit||1,50,000||No Limit|
|Max. limit for
|Returns %||Market-linked||8% p.a.||8% p.a.||6.8% p.a.||Market-Linked|
|Tax on income||Taxable||Tax Free||Taxable||Taxable||Tax Free|
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PPF - Public Provident Fund, NSC - National Savings Certificate, FD - Fixed Deposit, ULIP - Unit Linked Insurance Plan. The above table is for illustration purpose only. Unlike PPF, NSC & Bank FD, investment in mutual funds are subject to market risks, hence, the performances may not be strictly comparable. PPF rate is effective from 1st October, 2018, Ministry of Finance (Govt. of india); NSC rate is effective 1st October 2018; Bank FD rate is as on 28th November, 2018. Please consult with your financial advisor before investing.
*Disclaimer- These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment. Applicable only to Individuals other than senior citizens/ super senior citizens.
|FUND||S&P BSE 200 TR Index*||NIFTY 50 TR Index#|
|Regular Plan - Growth Option|
|Last 1 Year||-2.65||9,735.15||3.54||10,353.61||7.82||10,782.43|
|Direct Plan - Growth Option|
|Last 1 Year||-0.70||9,929.82||3.54||10,353.61||7.82||10,782.43|
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Date of Inception : Regular Plan: December 11, 2015; Direct Plan: December 11,2015. CAGR - Compounded Annual Growth Rate
^ Scheme Benchmark # Standard Benchmark *Based on standard investment of Rs.10,000 made at the beggining of the relevant period. Past performance may or may not
be sustained in future and should not be used as a basis for comparison with other investments.
Last 3 years and 5 years returns are not provided since the scheme has not completed 3 years
Different plans have a different expense structure.
Avinash Agarwal is managing this fund since July 27, 2017.
ELSS or Equity Linked Saving Scheme is an equity mutual fund with the dual benefit of saving tax and wealth creation with a lock in period of 3 years. Investment in ELSS funds qualifies for deduction of upto Rs 1.5 lakh under Section 80C of the Income Tax Act.
It depends upon the tax bracket an investor falls in. In the highest tax bracket of 30%, if the investment in ELSS is Rs. 1,50,000 , investor can save upto 46,350*. Given the investments in ELSS are made in the equity markets, the returns are much higher than most investment options with tax saving benefits in the longer run.
Yes, until you consume your saving limit of upto Rs. 1.5 Lac Rupees under section 80C, your investments in mutual funds must go in a ELSS fund through SIP mode.
ELSS as an investment option has a lock in period of 3 years and the investor is not allowed to redeem his/her investment. After the lock in period, there is no exit load but the investor can choose to stay invested.
When you want to plan for long term goals, you should also stay invested for a longer period of time. The minimum period is 3 years. However, based on the different life goals you have in mind, investment for a span of 5-10 years is advisable.
It depends on the market conditions. If the volatility is high in the market, SIP will give better return than lump sum because you can buy units at a lower cost. On the other hand, if volatility is low in the market, SIPs will give lower returns than lump sum investments, because you will be buying units at a higher price.
After 3 years returns from ELSS will be taxed under Long term capital gain (LTCG).
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*As per the present tax laws, eligible investors (individual/ HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked saving scheme (ELSS) upto Rs. 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Tax savings of Rs. 46,350/- shown above is calculated for the highest income tax slab. Long term capital gain and dividend distribution tax as applicable. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and are subject to amendments, from time to time. Pramerica is a trade name used by Prudential Financial, Inc., (PFI) a company incorporated and with its principal place of business in the United States, and by its affiliated companies in select countries outside the United States. None of these companies are affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.