The Reliance Tax Saver is an open ended equity fund that is worth investing in on the part of all those looking to incur savings on tax payment at the end of any financial quarter.This ELSS Fund was launched in as early as 2005 and caters to the interests of both business persons and salaried professionals.There are many takers for the Reliance Tax Saver Plan largely due to the fact that investors can benefit from growth in equity in addition to being able to save on tax payments in the year end.Read more
High ReturnsGet Returns as high as 17%*
Zero Capital Gains taxunlike 10% in Mutual Funds
Save upto Rs 46,800in Tax under section 80 C
There are very few risks that are associated with these income tax saver plan and we always encourage our customers to sign up for this mutual funds scheme so as to reap great returns.
Reliance Tax Saver ELSS Fund is an open-ended equity linked mutual fund scheme. This fund scheme comes with a lock-in period of 3 years and works as a great tax saving investment option. The main objective of Reliance Tax Saver ELSS fund is to create long-term capital gain by making an investment in equities and equity-related securities. In order to fulfill the investment requirement of the investors, the scheme comes with the flexibility to choose from various fund options to invest in. Let’s take a look at the types of funds offered by Reliance Tax Saver ELSS Fund.
The direct fund is an open-ended fund, which aims to create long-term capital growth by investing predominantly in equities and equity-related securities. This fund is more preferable by the investors as it has a lower expense ratio regardless of the higher Net Asset Value (NAV). Thus, due to the lower expense ratio, the fund provides a higher return on long-term investments.
In dividend option, the investor is eligible to receive the dividends on the amount they have invested in the Reliance Tax Saver ELSS Fund if the fund declares it. The dividend amount is set on basis of the number of units held by the investors and may feature either reinvest option or payout option. In case, of payout option, the accumulated dividend is transferred automatically to the bank account of the investor’s. On the other hand, in reinvesting option the accumulated dividend is converted to units of same value and added to pre-existing fund units.
In this option of investment, no dividend is paid to the investor and they continue to stay invested in the fund. In case, the fund performs well then the amount gained is invested back in the scheme. This increases the net asset value (NAV) of the scheme. The increase in NAV results in capital appreciation, which can be redeemed by the investors whenever they want.
A Transparent and Safe Investment Scheme
The Reliance Tax Saver Plan has been in existence for a good number of years and is therefore characterised by a great deal of safety and transparency. There are no hidden costs as far as this ELSS Scheme is concerned and investors never have to worry about incurring huge losses when signing up for such a scheme online.
Minimal Risks for Investors to Face
The Reliance Tax Saver Plan like all other open ended equities is prone to risks associated with market volatility. However, these risks are quite minimal and the long term growth in capital that can be experienced through such an investment makes the risks otherwise typical of such an investment, worth taking.
No Complicated Formalities to Undertake
The formalities that need to be fulfilled in order to start investing in this ELSS Fund are not complicated and the application process is carried out online. We do our best to make sure that the Reliance Tax Saver Plan applicants get their formalities carried out in a smooth and hassle free manner so as to be able to start reaping the terrific returns from their investment in this fund as quickly as possible.
Allows Investors to Save Money on Capital Gains Tax Payments
No Maximum Investment Limit to Abide By
There are no maximum limits that investors need to be mindful of when opting to invest in a mutual funds scheme like the Reliance Tax Saver Plan. Investors can spend as much as they would want to on this fund in order to be able to reap the maximum possible returns from it.
The minimum amount of money that a person is required to invest in the Reliance Tax Saver plan is around 500 INR. This will be debited from the bank account of the investor via electronic clearing system or ECS.
SIPs for a Smooth and Efficient Investment
Investment Benefits People of Every Age
The Reliance Tax Saver Plan is an open ended equity that benefits investors of all ages. Even senior citizens who invest in this ELSS Fund are likely to be exempted from taxation.
A Liquid Investment for One and All
The Reliance Tax Saver Plan is an ELSS Fund that is characterised by a liquid investment procedure. Buying and selling can be carried out by investors on a daily basis. Investors can expect to start getting their money within a period of ten days or so.
Quick Payouts or Dividends
Easy Sign up Procedures to Follow
The process of signing up for the Reliance Tax Saver Plan scheme can be carried out easily on the internet. Applications get processed almost instantly and those who are accepted to be investors in the Reliance Tax Saver Plan are provided with log in details using which they can access their ELSS Fund account at any time of the day.
Applicants are expected to be transparent about their financial history at the time of signing up for this mutual funds scheme. If errors are detected in this regard then the concerned application may just very well be terminated.
Lock in Period of 3 Years
There is a three year lock in period that investors can benefit from when they sign up for Reliance Tax Saver Plan. This is not an investment that is likely to run into several years and the returns from such an investment are quick and substantive in value.
Well Known Reasons to Use a Mutual Funds Calculator when investing in Reliance Tax Saver Plan
The Reliance Tax Saver Plan is one that comes with its very own funds calculator that may be used by prospective investors to determine exactly how much they will be likely to make when investing their money in such a scheme. There are several reasons why this calculator should always be used prior to signing up for being an investor in this ELSS Fund.
ELSS Fund Calculator is Free to Access
The mutual funds calculator for the Reliance Tax Saver Plan is easy to use and is also a tool that can be accessed for free. Interested persons may use this tool at any time of the day, be it morning or night to check how much they can possibly make by investing in the Reliance Tax Saver Plan.
ELSS Fund Calculator compatible with Several Devices
Apart from being easy to use the Reliance Mutual Funds Calculator is also one that is compatible with a wide range of mobile devices. This calculator can be used in a convenient manner in both IOS and android phones.
ELSS Fund Calculator should be accessed using High Speed Internet
It is necessary for people to use high speed internet when accessing the mutual fund calculator online for Reliance Tax Saver Plan. Otherwise the process of generating likely returns for a specific investment amount will slow down to a considerable extent.
Excellent Accuracy of Results Generated
The results that are generated by the mutual fund calculator are a hundred percent accurate. Those who use such a mutual fund calculator can be rest assured that the figures generated by this calculator are almost likely to be the same as the returns that they will make when investing a specific amount of money in the Reliance Tax Saver Plan.
Precautions to take when making Investments in Reliance Tax Saver Plan
Thus the Reliance Tax Saver Plan is quite a sound ELSS Fund scheme that is worth investing in on the part of those looking to make huge profit from equity while saving on the payment of tax as well.
One of the important requirements for investing in Reliance Tax Saver ELSS fund is KYC submission. Submission of KYC details is mandatory for investment in ELSS fund. The investor will have to provide important details like address proof and identity proof. The individual will also have to complete the process of in-person verification. One can make the investment in Reliance Tax Saver ELSS Fund either directly or can take help of the mutual fund advisor/distributor in order to do so. One can obtain the investor application form from distributor or AMC or can download the form from the website of Reliance Mutual Fund.
One can invest a minimum amount of Rs.500 in Reliance Tax Saver ELSS fund. However, there is no maximum limit on investment. Moreover, the investor is eligible for availing tax benefits up to maximum limit of Rs.1.5 lakhs. The investor can choose to make the investment as the lump-sum amount or can choose to invest through a systematic investment plan, where a fixed amount will be deducted per month from the investor’s account for a specific period of time.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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