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...
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.
fund manager picks stocks after conducting an in-depth market research to deliver optimal risk-adjusted portfolio returns. As compared to other tax-saving avenues, these funds have the shortest lock-in period of three years. Investing in ELSS Funds makes you eligible for a tax deduction of up ...
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 ...
This encourages the habit of saving and provides a sense of discipline without requiring a large investment at the end of the fiscal year. You can use mutual fund apps such as ET Money to invest in tax-saving mutual funds within two minutes, saving you the hassle of paperwork during the ...
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...
Fund Type: Open-End About Fund Category Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the...
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 by giving you market linked returns. The lock-in period of 3 years allows your money...
It provides the least possible lock-in period among all tax saving instruments besides providing equity asset investment exposure making it a good long-term tool for wealth creation. This paper studies the investment behaviour of a typical ELSS mutual fund investor. Primary data is used to ...
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.