Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
Equity Linked Saving Scheme (ELSS) or a tax saving mutual fund schemes helps investors to save taxes under Section 80C of the Income Tax Act 1961. The investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to Rs 1.5 lakh...
Tax Saving Schemes: Make Investment in ELSS mutual fund, NPS (Pension Plan), Health & Term Insurance to save tax up to ₹78,000 under section 80C,80CCD & 80D.
If you are looking for a tax-saving instrument that can help you grow your investment, ELSS is a good bet. Because ELSS are mutual funds investing in the equity market, they have the potential to grow by giving you market linked returns. The lock-in period of 3 years allows your money...
Investment in ELSS mutual funds is not only the best way to save income tax but also holds ample growth potential for your savings. Save up to Rs. 46,350 in tax and create wealth at the same time by investing in the best Tax Saving (ELSS) mutual funds! Use our ELSS Tax Saving Calcu...
The three-year lock-in period of the scheme allows the fund manager to deploy a larger portion of the portfolio in equities, which have the potential to perform better over the long term. The ELSS is recommended for tax saving and wealth creation.VijayanCEOKrishnamurthyCEOEBSCO_bspMoney Today...
Before even you consider ELSS as the choice for tax saving, do not forget that always invest in ELSS with a long-term perspective – something like 5+ years or even more. Why? Because ELSS is about equity investing. And equity as an asset class isn’t risk free. There is always a ri...
tax-saving avenues, these funds have the shortest lock-in period of three years. Investing in ELSS Funds makes you eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this way, you can reduce your tax liability as the amount invested by you ...
ELSS- Tax saving Mutual fund Hard-working professionals and businessmen are always on the lookout for the best tax saving investments to derive maximum benefits from their investments. Equity Linked Saving Scheme is the type of mutual fund which is eligible for the tax deductions u/s 80C of ...
Unit Linked Insurance Plans (ULIP) and Equity Linked Saving Schemes (ELSS) are both tax-saving investment opportunities. But functionally, there is nothing common between them. If you have to choose between the two, you must consider two things – your financial objectives and long-term goals....