Sqrrl- Tax benefit Investment

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Sqrrl

• Best Mutual Fund App

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Best Tax benefit Investment Mutual Funds With
Higher Returns

• Selecting the right investment option to save tax
  can be challenging for young investors.
  Individuals or Hindi undivided Families (HUF) who
  invest in specified avenues mentioned in section
  80C to avail tax benefit investment up to Rs.1.5
  lakh as per Income tax. Indias current situation
  amidst the COVID-19 situation has deepened credit
  crisis.
• The Indian economy has witnessed much larger
  financial crunch. But with the Coronavirus
  lockdown expenditures have inevitably grown and
  are much larger than the earnings, leaving a hole
  in the pocket for middle-class families. To
  provide good returns at this time the investors
  should pull their money in the best tax benefit
  investment.

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The best Mutual fund App provides an easy process
to invest in mutual funds

• Sqrrl is one of the best mutual fund apps which
  lets the investors earn high return with minimum
  lock-in period. It led to a hassle-free set up in
  three minutes to avail tax benefit investment.
  Moreover, it is convenient and flexible as well.
  Lets take a look at tax benefit investment-
• ELSS Tax saving mutual funds or Equity Linked
  Saving Funds (ELSS) qualifies for tax deductions
  up to Rs 1.5 lakh under Section 80C of the Income
  Tax Act. These schemes work on several grounds
  including a multi-cap investment strategy. This
  strategy invests across market capitalizations
  and sectors based on the outlook of the mutual
  fund manager. Hence only a moderate risk profile
  person should invest in these schemes.

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tax benefit investment
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Now if we talk about the lock-in period

• Now if we talk about the lock-in period of the
  tax benefit investment under Section 80C, ELSS
  funds also come with a mandatory lock-in period.
  Though ELSS funds have a mandatory lock-in period
  of only three years, an investor should have an
  investment horizon of at least five to seven
  years. Equity or stocks are a risky investment
  options for a shorter term, but they have the
  potential to offer higher returns than other
  asset classes over longer periods.
• Finally, to summarise if the investor is ready to
  take risks and have a long-term horizon, the
  best tax benefit investment is tax saving mutual
  fund schemes under Section 80C. However, if the
  investor doesnt have a necessary risk appetite,
  then a better option is to invest in other
  government-sponsored schemes like Public
  Provident Fund, National Saving Certificate, and
  so on.

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• For more information visit our online portal
  https//sqrrl.in/
• Email us on  support_at_sqrrl.in
• Contact us on 7840877775