In this video, we take up questions of our viewers on equity linked savings scheme or ELSS
Edited Highlights
0:42 In this video, we take up questions of our viewers on equity linked savings scheme or ELSS
2:27 Vikrant Sharma has invested in IDFC Tax Advantage, ABSL Tax Relief 96’, Franklin India Taxshield, BOI Axa Tax Advantage, BSP Black Rock Tax Saver, Reliance Tax Saver
2:34 Motilal Oswal MoSt Focused Long Term Fund
2:47 He wants to know whether he should invest more in the same schemes or drop out from some schemes
3:30 2-3 ELSS is more than enough. We have made specific recommendations of 3 ELSS
3: 40 Remember, most ELSS schemes end up saving in the same stocks
3:50 Among our recommended schemes are ABSL Tax Relief 96' and Franklin Taxshield which Viikrant. He can make fresh investments in them
4:13 The existing investments in ELSS will have a 3 year lock in
4:21 You can check out our profiling of our recommended ELSS in the ELSS videos in the ELSS playlist in our channel
4:42 Shijubhaskar Shiju wants to know the amount one can invest in ELSS SIP and whether one start an SIP after investing a lump sum in the scheme
5:01 You can start with an amount of Rs 500 and then increase it by multiples of Rs 1
5:09 After investing a lump sum, you can start an SIP in the same scheme
