An Equity-Linked Savings Scheme (ELSS) is an equity mutual fund eligible for tax deductions of up to ₹1.5 lakh under section 80C. ELSS mutual funds have a compulsory lock-in period of 3 years, which is the key parameter for the tax break. With ELSS funds, investors can get low-cost...
ELSS funds, also known as Equity-Linked Saving Schemes, are a type of mutual fund investment scheme that provides tax benefits to investors. These funds mainly invest in equity and equity-related securities of companies across market capitalization segments and have a lock-in period of three years...
Track L&T ELSS funds latest NAV, historical returns, performance, ratings by CRISIL, morningstar etc & fund manager details that invest in large, mid-cap & small-cap companies.
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....
Liquidity:The ELSS fund comes with three year lock-in period. From the date of investment, the invested funds are locked in for three years and the holdings can be redeemed post completion of the lock-in period. Even in case of investor death, nominee has also to wait for redemption till...
and you are not allowed to redeem that particular amount until then. Though your money is locked for a particular time span, the returns are notable, and you can’t ignore to earn them. The three years lock-in lets your money grow higher as the fund has investments in the large- and ...
in equity schemes. ELSS Funds fall under Section 80C of the Income Tax Act. As such, if you invest in ELSS, you can claim a tax rebate of INR 150,000 per annum. Also, these funds have a mandatory lock-in period of three years, which is the shortest among all Section 80C ...
Also, no tax is levied on the long term capital gains from these funds .Moreover, compared to other tax saving options, ELSS has the shortest lock in period of three years.Dr. R.NarayanasamyDr. V.Rathnamani
Lock-in Period: While investing in ELSS means you have to deal with a lock-in period, it is relatively short compared to other tax-saving investment options. With ELSS, you only have to lock in your investment for three years and can also invest monthly via aSystematic Investment Plan(SIP...
Lock-in period helps for higher returns: The lock-in period for ELSS mutual funds are 3 years. For such tenure, there are higher chances that your mutual fund scheme performance generates more returns. Tax free returns: The returns from all tax saving options except for PPF are not tax fre...