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....
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?
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What is Equity Linked Saving Scheme (ELSS)? As we saw earlier, there are various financial instruments that are eligible for deductions under section 80C of the Income Tax Act, 1961. Among all of them, Equity Linked Savings Scheme (ELSS) funds are by far the most popular among the investor...
How Tax Saving Mutual Fund ELSS Helps to Save Tax 14 February, 2023Equity Linked Savings Scheme or ELSS is an equity fund – i.e., it is a mutual fund scheme which mainly invests in equities, with at least 80% of allocation in this asset category. While equities can be volatile over ...
You can invest in tax-saving ELSS Mutual Funds to earn significantly higher returns. Use our ELSS Calculator to estimate your returns on investments. Download digibank Now What is an ELSS Calculator? An Equity Linked Savings Scheme or ELSS Calculator is a free online tool that enables tax-...
ELSS, or Equity Linked Savings Scheme, is a type of mutual fund with a lock-in period. It offers tax benefits under Section 80C of the Income Tax Act 1961 and invests primarily in equities. Is ELSS risk-free? No, ELSS carries market risk as it invests in equities. However, it has th...
Equity Linked Savings Scheme (ELSS) offers a simple way to get tax benefits and at the same time gets an opportunity to gain from the potential of Indian equity markets. ELSS funds are one of the best avenues to save under section 80C. This is because along with tax deduction, the ...
Tata ELSS Tax Saver Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average. The fund has the majority of its money invested in Financial, Automobile, Energy, Technology, Const...