A COM­PAR­A­TIVE CHART

Consumer Voice - - Equity-linked Savings Scheme -

5

NAV (div­i­dend)

Rs

15.843 (2)

9.831 (2)

15.816 (2)

16.7 (3)

19.49 (3)

74.6 (5)

11.422 (2)

42.746 (5)

23.17 (3)

21.936 (3)

16.737 (3)

Tax-free div­i­dends

No en­try load

10

Risk rat­ing

Be­low av­er­age (7)

High (3)

High (3)

Be­low av­er­age (7)

Be­low av­er­age (7)

Av­er­age (5)

Low (10)

Be­low av­er­age (7)

Av­er­age (5)

Low (10)

Low (10)

15 Re­turns (since launch)

%

14.72 (5)

17.38 (8)

24.08 (12)

21.96 (12)

16.03 (8)

21.85 (12)

20.61 (12)

26.08 (15)

23.24 (12)

22.93 (12)

12.11 (5)

Ex­pense ra­tio com­pletely tax-free. If you com­pare the re­turns from NSC and tax-shield bank fixed de­posits, these are com­pletely tax­able and paid in­ter­est is added to your in­come for tax com­pu­ta­tion. So, you end up pay­ing tax on the in­ter­est re­ceived. Apart from the ELSS, only public prov­i­dent funds of­fer tax-free re­turns, but these funds have a ma­tu­rity pe­riod of 15 years.

ELSS schemes also give div­i­dends at reg­u­lar in­ter­vals and these div­i­dends are tax-free.

Sup­pose you have in­vested Rs 15,000 in an ELSS. The en­tire sum of Rs 15,000 is in­vested in your ELSS mu­tual fund. So, it is you who have to de­cide how much to pay your fi­nan­cial ad­vi­sor. Note that some in­sur­ance agents may try to sell unit-linked in­sur­ance plans (ULIPs) as an in­vest­ment fund with an em­bed­ded in­sur­ance plan – be alert there since ULIP has an ex­pen­sive en­try load.

%

2.58 (3)

2.34 (5)

2.85 (3)

2.86 (3)

2.83 (3)

3.08 (1)

2.82 (3)

2.42 (5)

2.4 (5)

2.55 (3)

2.89 (3) Last de­clared

div­i­dend

Rs/unit

1.90 (4)

2.00 (7)

0.35 (2)

0.50 (2)

2.10 (7)

4.50 (10)

2.85 (10)

3 (10)

2 (7)

2 (7)

1 (4) Con­sumer feed­back Grand to­tal

100

Eq­uity funds can be volatile in the short run, but have been known to beat in­fla­tion and cre­ate wealth

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