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Hii sir, I Wants to get the Information About the Tax Saving Fund ELSS of the State bank of India ?

[Vishal Kotkar]

As you Asking for the Information About the Tax Saving Fund ELSS of the State bank of India the Information is given below


Tax-saving schemes which predominantly invest in a diversified portfolio of stocks
• There is a lock in period of three years
• ELSS funds becoming preferred tax-saving
• ELSS investments are allowed in Rs 500 and multiples of Rs. 500
• You can also invest through SIPs which will help instill a disciplined approach towards financial planning in investors
• Since the ELSS schemes invests in stocks, therefore Investments in ELSS are subject to market risk and hence, investors must consider age and risk appetite

Interest Rates

Public Provident Fund 8.70%
National Savings Certificates
8.50% for 5-year maturity
8.80% for 10-year maturity
Over 5-year banks’ fixed deposits 8.50-9.05%@
ELSS* 22%**
Inflation 6.19%^


ELSS enables exposure to equities, which have historically proven their ability to generate better returns.


The equity market benchmark S&P BSE Sensex has delivered 13% returns over a decade ended October 2015, compared with 8-10% yielded by tax-saving debt instruments. Better returns can help investors fulfil their financial objectives across different life stages, apart from reducing the tax outgo.