ELSS Tax saving mutual funds help you to save tax with mutual funds investment schemes such as Tax Saver Fund. Investments funds with 3 years lock-in period to generate long term capital gains.
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.
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 ...
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 ...
Some of the features of ELSS mutual funds include: Lock-in period: It comes with a minimum lock-in period of 3 years. Equity exposure: It invests at least 80% of the investment in equities. Tax saving: Investments in ELSS are eligible for tax deduction under section 80C, upto Rs 1.5 ...
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.
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 ...
Under 80C ELSS Mutual Funds 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 ...
funds have a lock-in period of three years. When you invest in L&T MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your ...
ELSS funds are one of the best avenues to save under section 80C. This is because along with tax deduction, the investor also gets the potential upside of investing in the equity markets. Also, no tax is levied on the long term capital gains from these funds .Moreover, compared to other...