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.
ELSS Mutual Funds also known as tax saver mutual funds under Section 80C, offering long-term wealth creation. Explore the list of elss funds based on various factors like NAV, performance, ratings, and returns before investing.
How Tax Saving Mutual Fund ELSS Helps to Save Tax 14 February, 2023Equity Linked Savings Scheme or ELSS is an equity fund – i.e., it is a mutual fund scheme which mainly invests in equities, with at least 80% of allocation in this asset category. While equities can be volatile over ...
As compared to other 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 ...
while they generate a fixed return, they are generally unable to create the wealth that you need after accounting for inflation. You have the option of investing in ELSS: Equity Linked Savings Schemes – these not only fulfil the purpose of the tax saving but can also help you get better ...
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 ...
Are you looking for ways to save taxes? You can invest in tax-saving ELSS Mutual Funds to earn significantly higher returns. Use our ELSS Calculator to estimate your returns on investments. Download digibank Now What is an ELSS Calculator? An Equity Linked Savings Scheme or ELSS Calculator ...
For many, tax-saving ELSS funds are the gateway to mutual fundsSrikanth Meenakshi
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....