Here are some of the key features of ELSS mutual funds: Investments in diversified equities across market capitalisation and sectors. Have a lock-in period of 3 years. Offer tax deduction under section 80C up to ₹1.5 lakh. Have the potential to deliver inflation-beating returns in the long...
The fund manager picks stocks after conducting an in-depth market research to deliver optimal risk-adjusted portfolio returns. 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...
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....
The fund manager will pick quality stocks after an in-depth analysis to ensure that the portfolio returns remain in line with the expectations. These funds have a lock-in period of three years. When you invest in Axis MF ELSS Funds, you become eligible for a tax deduction of up to Rs ...
Investing in tax saving mutual funds not just reduces your tax liability but also help you meet various personal financial goals in your life. Features of the Equity Linked Saving Scheme fund: Tax deduction upto ₹1, 50,000/ year under section 80C. 3 years Lock-in period No upper limit...
investment options are taxable. E.g. The returns from NSC are taxable. It can be claimed thru 80C as deduction which is a different question. Returns from ELSS are tax free as the investment period is 3 years and any returns from equity mutual fund for more than one year is not taxed....
This lock-in period is designed to encourage long-term investment and provide stability to the fund. Tax on ELSS funds ELSS funds in India offer tax benefits under Section 80C of the Income Tax Act, with a maximum investment of Rs. 1.5 lakhs per year eligible for tax deduction. ELSS ...
This is because along with tax deduction, the investor also gets the potential upside of investing in the equity markets. 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 ...
Standard Chartered Bank, India is a distributor of mutual funds and a referrer of other third party financial products. Mutual Fund Investments are subject to market risk. Read scheme related documents carefully prior to investing. Past performance is not indicative of future returns. The Online ...
You can see that the benefits offered by ELSS are greater as compared to other instruments. The amount of investment is eligible for the deduction, and the returns or capital gain in ELSS are exempt from taxes. Apart from the tax saving benefit, the historical returns offered by the ELSS ar...