Section 80C Section 80D Section 80C Find our solutions that can help you save up to INR 46,8001 in taxes Options to help you save tax – ELSS and Life insurance WHAT IS ELSS? Equity Linked Savings Scheme (ELSS) are a special category of mutual funds which invest predominantly in th...
ELSS mutual fund is the only category of mutual fund that comes with the tax benefit. Let’s understand in detail about the ELSS tax benefits: As per the Income tax rules, investments in Equity Linked Savings Scheme are eligible for tax deduction under Section 80C. You can claim a deduction...
The fund which generates a higher alpha would be regarded as a good investment opportunity. Also, you may invest in direct plans of ELSS Funds on Paytm Money App. The direct plans have a lower expense ratio which helps you to earn up to 1% higher returns than regular plans. If choosing ...
They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS funds allow you to claim deductions of up to Rs 1,50,000 annually, which can help you save Rs 46,800 in tax. Features of an ELSS Mutual Fund: Dual Benefit ELSS...
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 ...
Investment Objective L&T MF ELSS Funds are diversified equity funds which aim at providing investors with an opportunity to grow wealth over the long run. The fund primarily invests in equity and equity related instruments in a given proportion as per the fund’s mandate. The fund manager will ...
Which are the Top ELSS Funds According to the Returns Offered? If you are considering investing in ELSS, you should factor in the potential risk versus the returns. There are other factors that also come into play. They are as follows: ...
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...
Performance of Indian Mutual Funds : An Empirical Study of Select Equity Linked Saving Schemes Main features of Equity Linked Saving Schemes (ELSS), which are just like diversified equity mutual funds, include tax-saving benefits under section 80C of the Income Tax Act, no implication of dividend...
ELSS- Tax saving Mutual fund Hard-working professionals and businessmen are always on the lookout for the best tax saving investments to derive maximum benefits from their investments. Equity Linked Saving Scheme is the type of mutual fund which is eligible for the tax deductions u/s 80C of ...