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 ...
Before investing in an ELSS (Tax Saving mutual funds), there are several factors that you should carefully evaluate. These factors can help you make informed decisions and maximise the benefits of this investment option: 1. Investment horizon: It is important to have a long-term perspective when...
With Paytm Money, invest in ELSS mutual funds & save taxes under section 80C of Income Tax. Choose from top performing ELSS tax saver schemes of 2024.
Under an ELSS, your funds are handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act, you can invest up to Rs. 1.5 lakh in a financial year for tax benefits. Things to remember You can invest any amount in ELSS...
(ELSS) allow you to earn sizeable returns while providing tax-saving benefits as well. As you prepare for the New Year, take the steps necessary to revamp your financial portfolio. Learn more about how ELSS Mutual Funds are a great investment option for you to consider as you step into ...
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.
ET Money's Tax Saving Solution is a combination of curated top tax saving mutual funds handled by India's best investment managers. The allocation is well diversified providing an optimal risk-reward balance. ELSS Mutual Funds benefits Fast, easy and paperless ...
The invested amount is also eligible for tax benefits under Section 80C. WHY ELSS? If you are looking for a tax-saving instrument that can help you grow your investment, ELSS is a good bet. Because ELSS are mutual funds investing in the equity market, they have the potential to grow ...
Equity Mutual Funds are one of the important means of pooling risk capital from small investors. In order to encourage such investment culture, the Govt. of India in the year 1992 introduced the Equity Linked Savings Scheme (ELSS) mutual funds. Investments into the scheme qualify for tax ...
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 ...