01-04-2025, 10:40 AM
Hello Everyone,
I’ve been researching tax-saving mutual funds (ELSS) and came across the SBI Long-Term Equity Fund. It seems like a solid option for both tax benefits and long-term wealth creation. Here’s what I found interesting about it:
1️⃣ Tax Benefits: As it’s an ELSS fund, investments are eligible for tax deduction under Section 80C, up to ₹1.5 lakh annually.
2️⃣ Lock-in Period: The 3-year lock-in is relatively short compared to other tax-saving instruments.
3️⃣ Performance: It has shown a decent track record over the years, although past performance doesn’t guarantee future returns.
4️⃣ Investment Strategy: The fund primarily invests in large-cap and mid-cap stocks, which may offer stability with growth potential.
However, I’m curious about other's opinions:
I’ve been researching tax-saving mutual funds (ELSS) and came across the SBI Long-Term Equity Fund. It seems like a solid option for both tax benefits and long-term wealth creation. Here’s what I found interesting about it:
1️⃣ Tax Benefits: As it’s an ELSS fund, investments are eligible for tax deduction under Section 80C, up to ₹1.5 lakh annually.
2️⃣ Lock-in Period: The 3-year lock-in is relatively short compared to other tax-saving instruments.
3️⃣ Performance: It has shown a decent track record over the years, although past performance doesn’t guarantee future returns.
4️⃣ Investment Strategy: The fund primarily invests in large-cap and mid-cap stocks, which may offer stability with growth potential.
However, I’m curious about other's opinions:
- 1. Have you invested in this fund before?
- 2. What are your thoughts on its risk-return profile?
- 3. How does it compare to other ELSS funds in terms of consistency and returns?