is no limit to how much you can invest in ELSS. ELSS is a long-term investment. So, you can gain a high rate of return provided the markets do well in this period. There are both dividend and growth options available. You can choose the option that suits you the most at the time ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook AcronymDefinition ELSSEnglish (as a 2nd) Language Sunday School ELSSEnglish Language Support Service(UK) ELSSEquity-Linked Saving Scheme ELSSEmergency Life Support System ...
completes 36 months.One of the significant advantages of ELSS is that investments can be made in lump sums or through Systematic Investment Plans (SIP), and there is no limit on the amount you can invest.Let’s take a look at an example of how much investors with different taxable incomes...
ELSS and Public Provident Fund, both qualify for tax saving up to INR 1.5 lakhs under Section 80C of Income Tax Act 1961. ELSS has higher volatility as it invests in equity and hence higher returns. PPF has lower volatility and lower returns than ELSS funds as it invests in debt securities...
.Equity Linked Saving Scheme or ELSS Funds are a class of mutual funds that invests major portion in equities & equity linked securities