How to Invest in ELSS through Zerodha? – Best ELSS Funds in 2023

ELSS stands for Equity-Linked Saving Scheme, which is a type of mutual fund in India that offers tax benefits to investors. Zerodha is an Indian financial services company that offers online trading and investment services. If you are a Zerodha customer, you can invest in ELSS funds through their platform.
Today’s article will discuss How to Invest in ELSS through Zerodha? Before that, we will understand what is it with features and benefits on the same.

Related to Share Market Articles
Target Price in the Share MarketWhat is VIX in Stock Market?
What are EMA and SMA in the Share Market?Upper Circuit and Lower Circuit
List of High Beta Stocks NSECalculate Average Price of Stock
Alpha and Beta in Stock MarketEquity vs Commodity
Bull and Bear in Stock MarketLTP
Leverage in Stock Market with ExampleATP
Margin in Intraday TradingHow to do Algo Trading in Zerodha
Call and Put in Stock Market with ExampleBest Dividend Paying Stocks
Stop Loss in the Share MarketInsider Trading in Stock Market
What are Different Types of Candles?NIFTY vs Bank NIFTY
How Many Types of InvestmentIntraday vs Long Term Investing
What is Order Type in Share MarketWhat is Trading in Stock Market
How many types of stocksSwing Trading in Zerodha
Transfer Shares via OnlineOptions Trading in Zerodha
Best Technical Analysis AppOptions in Stocks
NSDL vs CDSLFIIs and DIIs data
Top 5 stock markets in the worldWorld Stock Market Timings
Margin Trading PledgeWhich Share is Good to Buy?
Best Sector to Invest in Indian Stock MarketLong Position vs Short Position
200 DMA in Stock MarketRSI Stocks in NIFTY 50
Intraday vs Long Term InvestingBuy International Stocks from India
Demat Account in SBI-YONOSmall Case vs Mutual Fund
Small case in ZerodhaMCX in Zerodha
Buy DebenturesHow to Invest in NIFTY 50
Apply for Rights Issue OnlineBharat Bond ETF in Zerodha
Buy Unlisted SharesBonus Share - Record & Ex-Bonus Date
Bond vs EquityBond vs Debenture

ELSS Funds in Zerodha

Advertisement

ELSS funds are mutual funds in India that invest primarily in equity and equity-related instruments. Some features and benefits of ELSS include:

  • Tax benefits: Investments in ELSS are eligible for tax deductions under Section 80C of the Income Tax Act, up to a limit of Rs 1.5 lakh per financial year.
  • Diversification: ELSS funds invest in a diversified portfolio of equity and equity-related instruments, which helps to spread the risk across different sectors and companies.
  • Equity exposure: ELSS funds provide investors with exposure to the equity market, which has the potential for higher returns over the long term compared to fixed income investments.
  • Lock-in period: ELSS funds have a lock-in period of 3 years, which means that the investment cannot be redeemed before that period. This helps to align the investor's interests with the long-term nature of the equity market.
  • Risk and returns: ELSS funds are considered moderately high-risk investments, but have the potential for higher returns compared to other tax-saving options.
Related to Bonds Articles
RBI Bonds or Floating Rate Savings BondsCapital Gain Bonds
Treasury Bills in IndiaList of Government Bonds in India
RBI RDG Account NHAI Capital Gain Bonds
54 EC REC BondsRBI IINSS-C
PFC 54EC BondsTax-Free Bonds in India
Loan on Sovereign Gold BondTax Free Bonds NHAI
Sovereign Gold Bond Tax-ExemptionBuy SGBs from ICICI Bank
Sovereign Gold Bond in ZerodhaSovereign Gold Bond - Return Calculation
SBG SBICorporate Bonds vs Government Bonds
How to Buy Capital Gain Bonds OnlineBond vs Debenture
BI Bonds vs Tax Saving FD vs SGBsBond vs Equity
SGBs via Axis BankRBI Bonds via BOB, PNB, UBI & Canara Bank

Best ELSS Funds in Zerodha

Advertisement

As the performance of mutual funds can be affected by various factors such as market conditions, the fund manager's investment strategy, and the performance of the underlying assets. However, some ways to evaluate mutual funds are by considering their:

  • Past performance: Look at the fund's historical returns over different time periods and compare them to the returns of similar funds in the same category.
  • Risk and volatility: Evaluate the fund's risk profile and volatility, and compare it to other funds in the same category.
  • Fund manager: Research the fund manager's track record and investment strategy.
  • Expense ratio: Look at the fund's expense ratio, which is the percentage of assets used to cover the fund's operating expenses.

Here I have shortlisted a few mutual funds to invest in based on the above parameters.

Scheme NameCAGR (%)
3 Years5 Years
Parag Parikh Tax Saver Fund25.37--
Canara Rob Equity Tax Saver Fund22.5416.79
Mirae Asset Tax Saver Fund20.5915.71
Quant Tax Plan3720.7
source - moneycontrol.com
Related to IPO Articles
Face Value in IPO – How to Calculate Face ValueLot Size in IPO
Book Built IssuePrice Band
Undersubscribed IPOListing Gains in IPO
When Can I Sell IPO SharesTypes of Investors in IPO
How Many Lots Can We Buy in IPOOversubscribed IPO
SEBI NEW Rules for IPO ApplicationIPO Blocked Amount not Refunded
Grey Market & Grey Market PremiumApply for SME IPO Online
IPO Applying TimeNFO in Zerodha - NFO vs IPO
Face ValueLot Size
How Many Lots Can We Buy in IPOCut Off Price
When Can I Sell IPO SharesIPO vs Shares(Listed)
GreenShoe Option (GSO) in an IPOBenefits of IPO for Investors
Listing Gains in IPOFPO - IPO vs FPO
Applying IPO Online using SBI YONOIPO or FPO via HDFC Bank
IPO via ICICI Bank IPO via UPI

How to Invest in ELSS through Zerodha?

Advertisement

Time Needed : 1 minutes

If you are a Zerodha customer, you can invest in ELSS funds through their platform by following these steps:

  1. Zerodha account

    Sign in to your Zerodha account and Go to the Coin app.
    How to Invest in ELSS through Zerodha

  2. Coin App

    Go to the Mutual Funds tab on the top menu and select "Mutual Funds"
    Select "Equity" as the fund type and "ELSS" as the category.
    Coin 1 How to Invest in ELSS through Zerodha

  3. ELSS funds

    Browse through the available ELSS funds and select the one you want to invest in.
    Enter the investment amount and select the frequency of investment (one-time or SIP).
    Coin 2 How to Invest in ELSS through Zerodha



  4. Review

    Review the details of your investment and click on "Invest" to confirm.
    Follow the on-screen instructions to complete the transaction.
    Coin 5 lum How to Invest in ELSS through Zerodha

Related to Bonds Articles
RBI Bonds or Floating Rate Savings BondsCapital Gain Bonds
Treasury Bills in IndiaList of Government Bonds in India
RBI RDG Account NHAI Capital Gain Bonds
54 EC REC BondsRBI IINSS-C
PFC 54EC BondsTax-Free Bonds in India
Loan on Sovereign Gold BondTax Free Bonds NHAI
Sovereign Gold Bond Tax-ExemptionBuy SGBs from ICICI Bank
Sovereign Gold Bond in ZerodhaSovereign Gold Bond - Return Calculation
SBG SBICorporate Bonds vs Government Bonds
How to Buy Capital Gain Bonds OnlineBond vs Debenture
BI Bonds vs Tax Saving FD vs SGBsBond vs Equity
SGBs via Axis BankRBI Bonds via BOB, PNB, UBI & Canara Bank

FAQs

Advertisement
  1. What are the tax benefits of investing in an ELSS?

    Investors can claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act for investments made in ELSS.

  2. How much can I invest in an ELSS?

    There is no upper limit on investment in an ELSS.

  3. What is the lock-in period for an ELSS?

    The lock-in period for an ELSS is 3 years.

  4. How does an ELSS differ from other mutual funds?

    ELSS has a lock-in period of 3 years and also offers tax benefits, unlike other mutual funds. Additionally, ELSS funds mainly invest in equity shares of companies, while other mutual funds may invest in a variety of assets.

  5. How can I invest in an ELSS?

    You can invest in an ELSS by visiting the website of any Asset Management Company (AMC), or by visiting the website of a mutual fund distributor or by visiting your bank which provides mutual funds.

  6. How do I track the performance of my ELSS investment?

    You can track the performance of your ELSS investment by visiting the website of the Asset Management Company (AMC) that manages the fund, or by visiting websites that provide mutual fund information.

Advertisement
Advertisement
error: Content is protected !!