Under the growth option, the investor gets the gains only at the time of redemptions. Appreciation in the totalNAVof the ELSS mutual fund multiplies the profits. Investors are not entitled to benefits in the form of dividends. Mutual fund returns are subject to market risks, and so are the...
Guide to ELSS and its meaning/full form. We explain it with examples, features, advantages, disadvantages, and comparison with PPF.
Related Read: How Mutual Fund Investments are Taxed in India How to Invest in ELSS Funds Growth option: When you go for the growth option, you will not receive benefits in the form of dividends. As an investor, you will get the gains only at the time of redemption. This helps in the...