Why should you start ELSS from April itself?

Why should you start ELSS from April itself?

Why start ELSS from April itself?    Tax is on my mind Tax is in my soul Tax is in my life I am just taxing on. Every taxpayer goes through this during the last quarter of the financial year. Sudden decisions are made without proper planning. To save tax becomes the objective for investing.A lump sum amount is then invested in the Equity Linked Savings Schemes (ELSS). When the Rs 1.5 lakh eligible for deduction is allocated to different asset classes, you heave a sigh of relief. But there is a problem with this method. It is always better to invest in ELSS through systematic investment plan (SIP). Begin your SIP from April to get the most of your ELSS. Here’s why you should start investing in ELSS right from the beginning of the financial year: Equity-linked As the name suggests, ELSS invest most of the accumulated funds in stocks. Thus, as applicable to every investment in the stock market, you must begin early to get the maximum benefit. Equity is known to give best returns over the long-term. The sooner you invest in ELSS; your funds get more time to multiply. If you begin investing in December/January, you are losing the benefit for nine months. Rupee cost averaging Stock markets fluctuate very frequently. So, when you invest in one go, how can you be sure that you got the best price for purchase dunits ? What if the market fell further after you invested Rs 30,000 lump sum in ELSS? Timing the market is a difficult task. To overcome the market volatility, the best thing to do...