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...
lakh. ELSS is one of the best options to save taxes and create wealth in the long term. What’s more, you can avoid the hassles of last-minute tax planning by investing in Equity Linked Saving Scheme (ELSS) via a monthly SIP & end up saving up to Rs. 46,800* in...
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 the equity market. They come with a lock-in period of 3 years and give you market-linked returns. The invested...
of India in the year 1992 introduced the Equity Linked Savings Scheme (ELSS) mutual funds. Investments into the scheme qualify for tax benefit. The tax benefit comes with certain regulatory provisions. These regulatory provisions make the ELSS funds distinct from Diversified Equity Funds. The ...
Equity Linked Savings Scheme or ELSS are tax saving mutual funds where you can save up to ₹46,800 in taxes under Section 80C with a proven track record of consistent returns. Browse ELSS Tax Saving funds What is ET Money's Tax Saving Solution?
Mutual funds also offer a benefit of saving tax by investing in Equity Linked Savings Scheme (ELSS). So, as to encourage small investors to invest and gain from equity mutual funds, the Government of India in the year 1992introduced the Equity Linked Savings Scheme (ELSS). The objective of...
Pension Scheme 60 Moderate to High Market-linked 1.5 Mixed Equity Exposure for Higher Returns By investing predominantly in equities, ELSS funds have the potential to deliver inflation-beating returns over long periods. This is higher than traditional tax-saving options. ...
ELSS (or Equity Linked Savings Scheme)is a diversified mutual fund that invests in stocks and also offers benefits under Section 80C. There is no limit on maximum investment but tax benefit is available only on Rs 1.5 lakh. The lock-in period is 3 years. Returns are neither guaranteed nor...
SIPs offer the benefit of rupee cost averaging and disciplined investing, which can be advantageous in volatile markets. Tax benefits offered by ELSS (Tax saving mutual funds) Equity Linked Savings Scheme Funds offer tax efficiency and the potential for robust returns, making them a preferred ...
The Equity Linked Savings Scheme (ELSS) are open-ended, diversified equity schemes offered by Mutual Funds Houses of India. A tax benefit is offered underSection 80C of the Income Tax Act, 1961 under this scheme. The ELSS funds schemes have not just become the most popular choice for saving...