ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. 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 ...
ELSS fund comes with the 3 year lock-in period which is the shortest amongst all other tax-saving schemes under 80C investments. 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 ...
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.
thetax-saver ELSS fundsare one of the popular ones. It has the potential for generating high returns in addition to allowing the investors to complete their tax-saving quota of Rs 1.5 lakh under Section 80C. But when it comes to investing...
If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request. If you have invested in DSP ELSS Tax Saver Fund from anywhere else, you can go to the fund house website and put a request through it. What is the...
So if your aim is more return from short term with tax saving, ELSS is better. However if your aim is affordable insurance and some reasonable return during a longer and specified period, then ULIP is suggested. In case you are already covered well under insurance then ELSS is better....