If it is your first time and you are planning to invest in ELSS, it gets important that you acquire some information first. It is crucial to know what can go wrong and what is right. Mutual funds have always been a choice for investors but it is also true that lack of information can land the investors in tricky situations.
You know Equity-Linked Savings Scheme (ELSS) is the funds that are multi-cap equity investments. Ithasa lock-in period of three years. These funds get you tax advantages coupled with wealth creation opportunities. Under the realm of Section 80C of the Income Tax Act, investors can claim a tax exemption of up to Rs one point five lakh on the contribution made towards ELSS funds. Come on, if you are worried about how to invest in ELSS, it is simple.
You know taking into consideration various ELSS funds available;picking the appropriate one for investment could turn out to be overwhelming at times. Generally, investors pick the fund that gives them finest return over a given investment horizon. However, there are certain things that you might want to see or take into mind before you invest. After all, every investor wants the fund that promises them utmost effective and outcomes. There are some important and basic things that you should know about ELSS funds. Have a look below:
Evidence of Identity (KYC)
Any type of investment in mutual funds demands the investor to be KYC compliant. It is something that stands true for ELSS also. It is important for the investor to cater a proof of address and also proof of identity, in-person verification also has to be finished before investment.
Submission of forms
Investments in ELSS could be made directly via Piggy, Asset Management Companies or even that of direct Mutual Fund app houses or indirectly via a bank, broker or mutual fund advisor. An investment application form can be fetched from the official website or can be downloaded from the mutual fund site and requires be duly filled and submitted to the mutual fund company.The investors have to be really careful with all the fillings of the forms.
Methods of investment
Investors can do investment in an ELSS through either in a lump sum or via a proper and Systematic Investment Plan (SIP). It is important to know that a SIP deducts a prearranged amount from the investor’s bank account occasionally to invest in an ELSS. Of course, it is better to know about these things before you start investing. The more you know before you make an investment, the better it would be for you to take decision regarding investments.
An idea about amounts
Investments in ELSS could be as low as rupees five hundred and there is no upper limit to do investment. Even though there is no upper restriction to investment a maximum deduction of Rs. 1.5 lakh are going to be available on the income of investor, or the amount got invested, whichever is lower.
Thus, these are a few of the many things that can help you get started with your ELSS investment.
The Value of Entrepreneurial Innovation to Convert Your Business Into a Brand
A common question that often pops up while starting a new business is:‘How much value will we place in turning this business into a brand?”If you are looking for ways to appeal to and reach out to several customers, then you need to find out the answer for thiscritical question.
The first step towards understanding the value of an entrepreneur to convert your business into a brand, is to understand the importance of branding. This process helps business owners to brand their products or services so that customers will remember them, and be attracted to buy from them again. Businesses have to be careful with this process, as it is often do-or-die in terms of retaining or losing their customers.
Branding takes time to accomplish because it requires a lot thought, effort and time from business owners. There are a few key elements to increase the value of converting your business into a brand. Leading entrepreneur Lewis Schenk has a unique strategy that is unseen in the current industry, which is integrating publication relations into branding and marketing strategies.
Who is Lewis Schenk?
Formerly an elite amateur/aspiring professional golfer, Lewis’s golfing dreams became more difficult when the covid-19 pandemic hit in January. With his plans put on hold without being able to play golf, he quickly pivoted with the help of one of his mentors. “I moved super quick when I knew the pandemic was about to hit. My plans got put on hold but I was fast to adapt” Lewis explains. Having journalism experience with projects he did in college in the USA, Lewis used his network to build his own agency, Boost Media Agency. Since then, he’s served over 150 clients, helping themto get featured in leading digital publications and become the most, known, liked & trusted in their industries.
Integrating PR & Branding
As a business owner, it is your job to ensure that you stand out in the market.You have to ensure that you will not waste precious advertising money in the start-up phases, by buildinga brand that has a high value to your audience – meaning more money and profits in the future. “As business owners, we cannot just jump into this process. It requires a lot of time, effort, guidance and money for this to be successful, and we have to be sure of our strategy before starting this process” Lewis explains. This is where Lewis shines, as he specializes in coming up with unique public relations strategies and ideas to ensure maximum growth for his clients.
A new business is a risky investment. There are many risks involved in setting up and running a new business, and one of these risks is the loss of your customers and losing your market value. A lack of strategy and experience is the new entrepreneur’s biggest downfall, as they spend all their money on pointless hacks and courses. Investing in public relations is the best form of advertising, as for one, its permanent. Rather than spend $200 on advertising that will run out on a week, spending $200 on a published article to a leading news site will yield results long term, as it remains permanently, meaning increased chances of more eyeballs seeing it over time. As a business owner, you must learn all you can about this process or consult with someone like Lewis who does, so that you know the value public relations to convert your business into a brand. With this knowledge and understanding, you can control your strategy, your business and your success.
Also,as business owners, we must use a strategic approach in our decision making. This strategic plan will help you to overlook the strengths and weaknesses of your business and how they can be turned around.A strategic approach also involves finding out what the strengths and weaknesses of your business are and implementing the appropriate changes to make your business more profitable. Evaluating your current business model to identify the strengths and weaknesses of it, can greatly improvethe company by making some tweaks and adjustments.
Ensuring that we don’t invest money and time in the wrong areas of our business, by shifting the focus towards branding and public relations in marketing strategies, will ensure far greater business success.A business without publicity has no potential for expansion. If you have no courage and time to take these steps for your own business, then you realize the value of hiring a professional entrepreneur such as Lewis Schenk, to convert your business into a brand.