How to select best ELSS fund? | CA Rachana Ranade
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- čas přidán 31. 05. 2024
- We have a tendency to act at the last moment, we do that in our life and our investments too. This video is a reminder to start your investments early by identifying the best ELSS Mutual fund scheme for the year 2022-23.
What is covered?
00:00 - Start
00:48 - Introduction
02:35 - What is ELSS?
04:15 - Advantages of investing in ELSS?
05:39 - How to select best ELSS fund?
09:11 - Comparison between best ELSS funds
13:19 - Closing thoughts
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Thank you so much
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
I truly agree with you on that,
I must say crypto is the future and with the way Bitcoin is climbing so high it's really advisable for people to invest now.
Despite all the economic crisis, this is still good time to start up an investment
For real bitcoin is very profitable
A friend that I referred to her just received €61,050 profit after 6days of investing.... I became jealous.. Lol
I am a big admirer of you who is truly trying to inculcate the importance of early investing and that too by investing in stock markets and mutual funds which were not never investment options for many people who always looked at FDs and PPF as investment options. Thanks for doing a great work.
Thanks for this....I was highly confused before this. Thanks for making it clear to me
Awesome explanation!! And best part - it's in English. Most of the finance related channels use Hindi as the medium except for yours and Sharan's.
You are one of the best teacher maam ,who always guides you in proper way, Thankss for this vedio on proper time ; keep growing keep sharing .Your sinser student 😊
Thanks a lot Rachana!! Really informative and clear 👌
No words to thank you for your efforts. God bless
Manny Thanks ma'am for all videos. I am learning more and more after watching your videos.
Thank you for all your videos.. been reaally helpful for investing
The Marathi touch you give to the video makes it very special.
Thank you Rachana for educating! 🙏🏻
Ma'am thumbs up to you. I was happy that you said valueresearch sir was not paid promotion. It means that we surely can trust you in following your tips.
As a personal opinion, Parag Parikh Tax Saver Fund is also a good fund. Given the concentration of the Fund Managers to manage only selected funds rather than having different funds is good to hear. Why it did not feature in the list is because its a fairly new fund with 600 Cr AUM.
Thank you so for this video and this info. It really helpful to invest in best funds.
As always it's refreshing to watch your videos ma'am inspite of busy life 🙂👏👏👏 you are truly an addiction . Thank you for your insights
Thank you ma'am. Now I can make my own decision to select a right kind of fund.
This was so helpful.. Thank you so much ma'am!!!
Learned a lot every time from your videos mam, thanks.
Amazing video best teacher learned a lot from you
Thanks mam for creating this video. I learn a lot of new things regarding mutual funds.Such a nice content......
Great Analysis Good Work Thanks a lot Medam
higher AUM means fund manager has to handle lot of money which is a pressure especilally for small and midcap , so lower AUM is better
Mam , really appreciated with the detailed explanation for gaining the benefits on diversification and difference between lump sum and SIP investment about lock in period
Thanks
Fantastic valuable informative video 👌
Good video I Am investing in this fund from last 10 years.
Thanks for valuable knowledge
One of the most talented and genuine youtuber you're😊🤟
Thanks for the CZcams channel of yours . Investment was never this EASY . am a doctor. My wishes and prayers for your LONG LASTING joyful life.
Ma’am please start making ipo review videos again. They have been very helpful.
Best is Mirae Asset Tax saver fund.The stock portfolio is pretty better compared to others.
Madam I really like u r intro part
It seems like "well begin is half done"
Good timely message
I'm a 15 year old boy and had a thought to learn about investment and stock market...... This channel helped me alot to understand, I've just started watching your videos like 2 days ago. Understood the concepts clearly and the fact that my mother tongue is Marathi too makes me comfy :)
Leave this and enjoy your childhood..don't fall into the trap of saving money..start savings from 21 or 22..
So informative ❤
Hello ma'am.
As we know we can look ELSS as a retirement saviour scheme thus very important in the form of Annuity.
Hence my question, is it okay to choose a risky ELSS fund? Or is it advisable to go with low risk funds for ELSS?
Excellent explanation.
Thank you so much. subscribed
Very very well explain....
Thanks for the video madam, so how does the encashment of SIP investment works ?
Salute! Ma'am
Thank you so much mam for the awesome video about funds 😉
Good Knowledge
From so long I only knew what is ELSS, but never encountered how to choose them. Kudos to Rachana Mam to give relevant content for the people who choose ELSS.
Fund Selector has been replaced with Fund Screener, same filters are there in this tool also.
Wow.. Mam... Thanku so much.... ❤🌹🙏😇
Thanks for all your time and Due Diligence Mrs Scott Learning a lot and hope for all of this Fam's sake that we take off with your continued guidance!!😊
Yeah I'm a living testimony of *Mrs scott* her strategies since February is enormous.
To be honest it was not entirely easy for me,I lost so much while doing it by myself until I stumbled across Ruby Scott.
Haha nice promotion strategy
Gave me exactly what I wanted
Thanks a lot
Ma'am you are the best teacher on this planet. Agar aap na hoti toh I would have surely lost all hope in life. But after all this learning from you, I still have 1 question that I need you to answer ma'am.
Form 60b mein tax saving ke liye home loan chalta hai kya?
Same question for me also maam ..
ma’am I’m also struggling with the same problem
Ma'am same question. I don't know who else to ask other than you
I had the same doubt ma’am
Yes this is a very important question. Can you answer Ma’am
Thanks maam it helped a lot
Many thanks
Nice video. Thanks ma'am
Hi Rachna, I want to know is it a compulsion to withdraw the money after 3 year lock-in period is over or we can continue investing the money till the time we wish to.
Sharp and crisp!
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Be sure to contact the what'sapp line above for more advice and consultation on investments
Doing SIP in both of the funds from 2019.
how and where we can invest in ELSS? which app secure to use?
I am impressed with your very excellent communication skills & the way of expressing the knowledge.please explain that, are there any loopholes in systems of mutual funds bankruptcy. paisa dubneka chances Kitna hai?
SEBI and AMFI strictly regulate these companies. Risks are never nil but the supervision is pretty strong IMO.
If nt working currently, should savings be invested in elss or any growth mutual fund as tax savings is not a concern for noa. Pls advise thanks
When I try to see ValueResearch Website, I am not able to get those details, as it asks to SignUp. Kindly help from which site, I get similar info.
Are returns on elss funds tax free? Will it not be subject to LTCG when redeemed?
Came across your channel via linkedIn couple of hours ago and started investing in Mirae ELSS an hour ago before the contents comes out. Let us see how it goes after 3 years. I will be back .
Same here, was confused between mirae and quant, went with the first one
Don’t go with past returns. Check for top 5 concentration stocks in mutual fund; those stocks should be reasonable valued.
One year has passed. Could you share your insights?
@@HeWhoShalNotBeNamed_ 21 months have passed. Invested 42k so far. Total value 53k. Unrealized return - 11k
Please share your return on investment
Does it make a difference if we invest in ELSS as a SIP or Lumpsum?
but axis longterm has highesh AUM, should we consider it?
Ma'am please suggest which ELLS funds should I go for?
Can you do a similar video for 2023 ELSS?
RR Mam, if possible talk about Post office schemes which is really help to middle class.
Hello Ma'am, Great video. I have few questions if you can answer:
1) Portfolio concentration: It is subjected to change. So let's say today if a fund looks good from concentration perspective, and if tomorrow concentration is changed & we don't like it so should we stop investing in it? What about our money that is already invested in it?
2) How many ELSS (or any type of funds) funds should we have in our portfolio ? what is your personal opinion ?
@@user-mc4ig8tw1z this is fake!
Always excellent
Already made my ELSS investment few days back in these two funds and was thinking that should have waited for this video before investing. Pleasantly surprised to see that the recommended funds are exactly the ones I chose 😊😊
Which fund?
Thanks a lot mam 👍🙏
Ma'am I've a doubt
When we book profit from elss fund the money that comes in does that come tax exempted or do they deduct the tax & then we have to file the same in ITR
Your are really excellent
I've been invested in the Axis long term equity fund for three years but the funds returns have been very poor lately. Would it be advisable to start an investment in an additional ELSS fund?
If we don't come in the income tax slab now, so still will it be good to start investing in elss fund?
but ma'am how do we r going to find out which one is good for upcoming five years ?
Hi Rachna Mam, thanks for all the content you are creating for us; it gives us lot more insight before moving forward with any decision. While looking for different ELSS funds for tax saving option I came across ELSS Mutual Funds having suffix as ‘IDCW’ but couldn’t find the information I was looking for. Could you please create the video for the same with pros and cons, should we invest or not, etc. Again thank you for everything you are doing.
Dx
Considering the sudden growth in All Quant MF Schemes, it appears to be risky to me. So did a portfolio overlap check on Quant Tax Saver MF and Quant Active fund and almost 90% portfolio is an overlap. So in my opinion it’s better to invest in Mirae Asset Tax Saver for ELSS and take position in Quant Active fund as we get the same exposure as Quant Tax Plan with an advantage of No Lock in for 3 years.
Any views??
@@user-mc4ig8tw1z Hello Spammer… get a life
Yeah same can be said about mirae asset tax saver, it has very high overlap with mirae asset emerging equity, better go for lesser expanse ratio
Does mirae one provide tax benefit?
@@njexictfan I have both mirae asset emerging bluechip & mirae asset tax saver which one should i exit & I have axis growth opportunities also
All the best sis
If I do sip in elss fund . After locking period how can I get the money back ? In monthly installments . How the return % are calculated??
From where we should buy elss ..from banks.. Or indmoney..? Is it easy to redeem money from. Indmoney app later on after 3 years.. Pls advise thnx
Tax saving ke liye
Tax saver (ELLS) MF QUANT TAX SAVER FUND & Parnk Parnk Tax saver Fund me invest kar sakte hai .....,
Please advise .... ?
So for SIPs I cannot withdraw after 3 years ?? If after every instalment 3 years is added
Hello Ma'am, Would you please make video on TREPS
Ma'am no. Of stocks should be high or low?
I have one question:-
On groww app it says that MF having higher AUM will give less returns in future. Could you please explain it in details?
Dude it's simple. I might be wrong as well ....
Higher AUM means they have huge money invested. If there is any negative news in a particular stock, the MF cannot sell everything on same day. They have to sell it across many days which will dent the profit generated by particular stock over months or years. Sometimes it may also eat up the profit generated by other stocks.
If the AUM is less, that means they have less money invested in a particular stock, the MF house can seek off real quick compared to high AUM house. There by rotation happens quicker in lower AUM MF compared to Higher AUM MF. Thus profits are saved in lower AUM MF.
Don't you get confused when you have more money, it gets difficult to decide where and how much to invest in which stock
Madam suggest a good mutual fund like you did on ELSS mutual fund research
Quite knoweldgebale as compared to other videos on elss
Should we hold LIC stocks or sell at loss?
Thanks a lot Rachana madam. Inspite of lower turn over ratio and high conviction shares in the ABSL Tax Relief 96 fund managed by one of the best investment manager Mr.Ajay Garg failed to compete in the ELSS category, make a detailed video on this...
How is axis long term equity fund(elss)
Superb Video
This is equity linked(less secure) is there any debt linked which probably is more secure.
Elss account kasa open karaych?
Konte app use karayche?
After 3 years parat kashe transfer karayche?
Plz can you make video on this
Yet I'm watching this video at the end of the calendar year 🥲
Respect 👍👍👍
Mam pls do case study on kohinoor foods ...I can't understand that share ...is it really combined with adani? Or that's different
Hi, Thanks for the videos and insights you provide. You really make finance easy for us. I am having just one question and I am really confused about it, If I will invest 1 Lakhs in ELSS does my tax will exempt 1 lakh from the net taxable income?
Any info on this will be really appreciable !
Limit for 80C exemption is 1.5Lakh. So to answer your question, Yes, if your other 80C investments are less than or equal to 50k, your one lakh investment in ELSS will be exempted from net taxable income.
@@suchshas7594 then whats she mentioned upto 46,800?
timestamp : 4.32
@@PRANAVMAPPOLI She means 46,800 is the maximum amount that you we could save in taxes, not the maximum amount that we could invest. So, say in a particular FY, you didn't have any kind of 80C investment and the tax you paid is in that FY 3L, now if you had invested 1.5L in any of the 80C category, the tax you would have payed in that FY is (3L - 46,800).
@@suchshas7594 So the maximum tax amount that can claim from 80C is 46800?. Suppose my total tax in FY is 6 Lakhs. Can i claim 1.5 Lack rupees back in 80C (net effective tax paid is 4.5 lakh)or tax of this 1.5 lakh rupees 46800(net effective paid is 5.53 lakh ). How its working?
@@PRANAVMAPPOLI The later one, you will pay 46,800 less tax(5.53L) if you have 1.5L 80C investment. Basically your net taxable income is subtracted by 1.5L.
Which App is safe to invest in different and multiple mutual fund .
*This is the kind of world we've made for ourselves and our children, better have no enemies when the light goes out, due to the economic criss, wars and rate of unemployment I think now is the best time to invest and make more money for the future.*
🇺🇦 i m from Ukraine investing now will be a very wise choice to secure a better future for my family God help us.
Interesting, most people don't understand the market moves and tend to be mislead in the fact like this and always depend on the bank and very bad ideas
Its nice for people to talk about investment because investment always beats cash
I understand that tomorrow isn't promised to anyone but investing today is a hard thing to do because I have no idea of how or where to invest.
Oh reallyI got confused also but, I was referred to Mrs Mary Armstrong