In this first part of a three part video series on the best ELSS to invest in 2018, we cover the first ELSS that we like
Edited Highlights
0:34 In this first part of a three part video series on the best ELSS to invest in 2018, we cover the first ELSS that we like
0:45 In this video, we will discuss Aditya Birla Tax Relief 96' which we recommended in 2017 too
1:00 Like all other ELSS, this provides you with annual tax deduction of upto Rs 1.5 lakh per annum
2:05 Aditya Birla Tax Relief 96' has been around since 1996 and has been consistently doing well
2:23 Over a 5 year period, it has delivered 22.35% annually
2:36 This is compared to its benchmark S&P BSE 200 which delivered 14.11%
2:48 This means it beat its benchmark by 8.24% annually
2:51 It is a great product to get started on tax saving, especially the young people who can start with a monthly investment as low as Rs 500
3:07 This regular investment can be increased over time
3:14 You can start a systematic investment plan or SIP in this scheme
3:42 An SIP investment of Rs 1,000 per month three years ago, would have grown to Rs 51,207
4:13 Invest in ELSS for long term goals
4:36 Remember, equity funds typically work well in the long term
