Some of the features of ELSS mutual funds include: Lock-in period: It comes with a minimum lock-in period of 3 years. Equity exposure: It invests at least 80% of the investment in equities. Tax saving: Investments in ELSS are eligible for tax deduction under section 80C, upto Rs 1.5 ...
What is risk level of Tata ELSS Tax Saver Fund? This is a Elss fund comes with Very High risk. Is there any lock-in period in this mutual fund? Yes, this fund comes with a mandatory lock-in period of 3 years. How do I invest in Tata ELSS Tax Saver Fund? It is very fast,...
ELSS funds are the best tax saving investment option. They fall under the diversified equity category as they invest 80% of their assets in equity and equity related instruments. These tax savings mutual funds qualify for tax exemption of INR 1.5 lakh undersection 80Cof the Income Tax Act, 19...
The tax deduction of up to ₹1.5 lakh under section 80C helps reduce your income tax liability. This tax benefit comes with the upside of equity exposure and wealth creation. Professional Fund Management ELSS funds benefit from professional equity research and fund management, which ensures your ...
thetax-saver ELSS fundsare one of the popular ones. It has the potential for generating high returns in addition to allowing the investors to complete their tax-saving quota of Rs 1.5 lakh under Section 80C. But when it comes to investing in ELSS funds, the question of whether to go for...
ELSS fund comes with the 3 year lock-in period which is the shortest amongst all other tax-saving schemes under 80C investments. Investing in tax saving mutual funds not just reduces your tax liability but also help you meet various personal financial goals in your life. Features of the ...
If you are looking for investment options that will also enable you to get tax deduction then ELSS and ULIP, both will qualify for deduction under section 80C.However the acronym has already been explained to you so I will not explain that again. Coming straight to your question about the ...