Quick Answer: Is Axis Bluechip ELSS?

Is SIP better than FD?

Fixed deposit is the best investment option for conservative investors only.

On the other hand, returns cannot be guaranteed in a systematic investment plan or an SIP.

There is no doubt in the fact that an SIP provides higher returns in comparison to fixed deposits but there is no guarantee of returns in an SIP..

Can I lose money in SIP?

Systematic investment plans are the best way to invest in equity funds because they reduce the risk and average out the investment costs. But this does not mean that SIP investors cannot lose money.

Is ELSS better than PPF?

PPF is suited for individuals who are absolutely risk-averse and can afford a 15-year lock-in period. Whereas those investors who are willing to take a moderate risk to earn higher returns can opt for ELSS. The best way to reduce risk in ELSS to its minimum is by staying invested for the long term.

Is ELSS maturity tax free?

You may invest any amount you like in an Equity-Linked Savings Scheme. However, investments only up to Rs 1,50,000 a year are tax-exempt under Section 80C of Income Tax Act, 1961. … The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors.

Can ELSS be stopped?

Yes, it is possible to stop your SIP investments in mutual funds, including your equity linked saving schemes (ELSSs). … You just need to fill up the form – the procedure is the same if you have invested offline. If you have invested online, you can visit the funds’ website and cancel your SIP.

Is Axis Bluechip Fund a good investment?

The Axis Bluechip Fund aims to outperform the benchmark with risk lower than the benchmark. Axis Bluechip Fund holds asset class benefits. Equity as an asset class holds the potential to beat inflation and generate long term wealth. Axis Bluechip Fund may help investors achieve their targeted their financial goals.

Is Axis Bluechip fund comes under 80c?

Review the performance of the fund you wish to invest in. … *Investment up to 1.5 lakhs in ELSS is eligible for deduction from taxable income under Sec 80C of the Income Tax Act, 1961.

Is there any ELSS index fund?

Investments in ELSS mutual funds are eligible for tax benefits under section 80C of the Income Tax Act. You can save up to Rs 1.5 lakh per year by investing in ELSS mutual funds….Top 10 Elss Mutual Funds.Fund NameAditya Birla Sun Life Tax Relief 96CategoryEquityRiskModerately High1Y Returns5.4%Rating4star15 more columns

Which SIP is best for 20 years?

DSP BlackRock World Gold Fund.Franklin India Feeder – Franklin U S Opportunities Fund.Aditya Birla Sun Life Digital India Fund.Mirae Asset Emerging Bluechip Fund.SBI Banking & Financial Services Fund.ICICI Prudential Technology Fund.ICICI Prudential US Bluechip Equity Fund.Axis Focused 25 Fund.More items…•

Which bank SIP is best?

SBI Bluechip Fund.Aditya Birla Sun Life Tax Relief 96.SBI Small Cap Fund.ICICI Prudential Bluechip Fund.Canara Robeco Bluechip Equity Fund.Kotak Emerging Equity Fund.Mirae Asset Tax Saver Fund.Tata India Tax Savings Fund.More items…

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

Which is better sip or lumpsum in ELSS?

Choosing ELSS will help you maximize tax benefits under Section 80C. Lumpsum investments will be better suited if you are investing at the end of a financial year, or if you have a higher risk appetite. On the other hand, SIPs will be better suited if you want to avert risks and have a steady source of income.

Which Bluechip fund is best?

Top 10 Large Cap Mutual FundsFund NameCategory1Y ReturnsAxis Bluechip FundEquity9.3%Canara Robeco Bluechip Equity FundEquity14.3%Invesco India Largecap FundEquity7.5%Mirae Asset Large Cap FundEquity6.4%12 more rows

Is ELSS taxable after 3 years?

Now after the introduction of 10% Long Term Capital Gains (LTCG) tax on equity and equity oriented mutual funds, this ELSS fund will also become taxable since these ELSS funds are equity oriented. This fund is sold by the investor after a period of 3 years at Rs 3.0 lakhs, thus making a gain of Rs 1.5 lakhs.

What is Axis Blue Chip Fund?

blue chip mutual funds invest predominantly in large companies. … The Axis Bluechip Fund aims to outperform the benchmark with risk lower than the benchmark. Asset Class benefit: Equity as an asset class holds potential to beat inflation and generate long term wealth.

Is ELSS safe?

Don’t invest just for tax saving: ELSS schemes provide you tax benefits but in the end, they are equity schemes. So you should remember that they can be risky, but they can be extremely rewarding. Whenever you are picking a tax-saving instrument like ELSS, be careful about the risk, lock-in period, returns, etc.

Which is best Axis Mutual Fund?

Top 10 Axis Mutual FundsFund NameCategoryRatingAxis Bluechip FundEquity5starAxis Long Term Equity FundEquity4starAxis Midcap FundEquity5starAxis Focused 25 FundEquity5star12 more rows

Is ELSS tax free?

Better post-tax returns: Except PPF and NPS, ELSS offers better post-tax returns than other 80C investments because long term capital gains of up to Rs. 1 lakh a year from ELSS mutual funds are exempt from income tax and long-term capital gains above Rs. 1 lakh are taxed at 10%.