1.5 lakh is eligible for a tax deduction as per the IT Act. By investing this amount in an ELSS, one can save up to ₹46,800 a year in tax outgo. Tax benefits of ELSS Mutual Funds ELSS mutual fund is the only category of mutual fund that comes with the tax benefit. Let’s ...
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...
ELSS mutual funds that help you save tax under 80C and create long term wealth. Lowest lock-in of 3 years! FiltersReset Return Duration 3 Years Min Investment <= ₹500 ₹501 - ₹2000 > ₹2000 Rating 5 4 3 2 1 Rated By Value Research AMC 360 ONE Mutual Fund Aditya Birla Sun...
ELSS Mutual Funds, or Equity Linked Saving Scheme, function as tax-saving mutual fund investment options with primary investment in equity markets. Investors allocate funds to ELSS schemes, which are later managed by mutual fund managers, who plan investments in diversified funds. The unique feature...
Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
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.
Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
But having more than 1 or 2 ELSS funds is useless. In any case, if you have other non-tax saving diversified mutual funds, having more ELSS funds will only lead to an overlap in your portfolio.Building a mutual fund portfolioisn’t tough but still people mess it up. ...
5. Tax Saving with ELSS: Save more on your taxes by investing in our ELSS fund, which offer benefits under Section 80C (old tax regime). The app guides you through making tax-saving investments easy and efficient. 6. SIP Calculator for Goal Planning: Use our SIP calculator to plan your...
Key Features of the Kotak Mutual Fund App: 1. Hassle-Free Investments: Start an SIP or invest in mutual funds seamlessly, without the paperwork. Our app simplifies the entire process, allowing you to invest whenever and wherever you want. 2. Tax Saving with ELSS: Save more on your taxes ...