TAX PLANNING is a process by which an individual or organization come to know his financial profile, with keeping the aim of minimizing the amount of taxes paid on income.

1. A Financial Planner can help you
in tax planning
Presented By: Wealthcareindia

2. A Financial Planner can help you in tax
planning
• TAX PLANNING is a process by which an individual or organization come to know his financial
profile, with keeping the aim of minimizing the amount of taxes paid on income.
• A FINANCIAL PLANNER is an investment expert who guides individuals to achieve his long-
term financial goals by analyzing the client’s status and making an effective financial plan to
help the client meet those goals.
• In other words, a financial planner is a person who helps individuals set and achieve their long-
term financial goals, through investments, tax planning, asset allocation, risk management,
retirement planning, and estate planning. Wealthcare provides best Financial Planning Services in
India you can take any Suggestion Regarding Financial planning.

3. Equity Linked Saving Schemes (ELSS)
• ELSSs are schemes of mutual funds; it is diversified
equity mutual funds which have a majority of the
corpus invested in equities. ELSS has a lock-in
period of 3 years. This means if you have started a
SIP (Systematic Investment Plan) in an ELSS, then
each of your investments will be locked in for 3
years from the respective investment date.
• Usually, ELSS is called “1st mutual fund scheme”
because of most of the investors get into Mutual
Funds via ELSS or tax saving schemes. ELSS qualifies
tax deductions of up to Rs. 1.5 Lakh under Section
80C of the Income Tax Act. Initially, most of the
investors start to invest in ELSS to save taxes, &
gradually they start to invest in other schemes.

4. How do Tax Saving Mutual Funds
work
• When an investor invests their money in mutual funds, the funds are added to the pool. The funds
are then invested in the equity markets in such a way that even if one investment incurs losses, the
other investment manages to mitigate the loss. For example, the breakup of invest in a particular
fund may look like:
• Automotive industry 6.56%
• Banks 17.56%
• Consumer durables 5.34%
• Consumer non-durables 5.66%
• Power 5.92%
• Software 8.93%
• Pharmaceuticals 9.99%

5. Key points to remember while
investing in ELSS
• Remember before investing in ELSS, one should do thorough
research before investing in an ELSS fund & remember some key
points:-
• Consult your Financial Advisor.
• Fund Manager’s investment approach.
• Portfolio of the funds to check what kind of risk fund is taking.
• Expense Ratio of the fund.
• Volatility of the fund.

6. Thank you
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