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Can a Mutual Fund Distributor in Chennai Help me Invest in ELSS & Mutual Funds

Choosing between mutual funds and ELSS doesn't have to be complicated. Think of ELSS as a mutual fund with tax benefits and a 3-year lock-in, while regular mutual funds offer more flexibility and variety.

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Can a Mutual Fund Distributor in Chennai Help me Invest in ELSS & Mutual Funds

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  1. Can a Mutual Fund Distributor in Chennai Help me Invest in ELSS & Mutual Funds? Do you want to save tax while continuing to invest? You’re not alone. Many new investors struggle to decide whether to choose tax savings and corpus creation or both. Both mutual funds and ELSS (Equity Linked Savings Schemes) are smart ways to grow your money. But while they look similar at first, they serve different purposes. This blog will explain the differences in a simple and easy-to-understand way. If you’re just starting, getting help from an AMFI registered Mutual Fund Distributor in Chennai, such as Fairmoves, can help you invest in the instruments, which is great for your goals.

  2. Understanding Mutual Funds A mutual fund is like a basket that holds different types of investments, stocks, bonds, or both. It collects money from several investors like you and invests it in a mix of assets. A professional fund manager takes care of choosing where to invest your money. Types of Mutual Funds: Equity Funds– Invest mainly in stocks. High growth, higher risk. Debt Funds– Invest in fixed-income assets. More stable, lower returns. Hybrid Funds– A mix of equity and debt for balanced growth. Mutual funds are flexible, you can invest a lump sum or start small through SIP. What is ELSS (Equity Linked Savings Scheme)? ELSS is a type of mutual fund that invests mostly in equities and also offers tax benefits. It helps you build corpus and save tax at the same time. That’s why many new investors are drawn to ELSS, especially when they are planning their yearly tax-saving strategy. If you are looking to save tax under Section 80C of the Income Tax Act, ELSS allows a deduction of up to ₹1.5 lakh. Plus, it comes with a lock-in period of just 3 years, the shortest among all tax-saving options. When exploring ELSS options, you can partner with a mutual fund distributor in Chennai can help you pick schemes with good long-term performance. Conclusion Choosing between mutual funds and ELSS doesn't have to be complicated. Think of ELSS as a mutual fund with tax benefits and a 3-year lock-in, while regular mutual funds offer more flexibility and variety. As a new investor, always start with clear goals in mind, what are you investing for, how much risk can you take, and when will you need the money? Address: No.5, Chitlapakkam First Main road, Near. MIT College, Nehru Nagar, Chromepet, Chennai – 600044

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