An ELSS (Equity Linked Savings Scheme) Mutual Fund is a tax-saving mutual fund scheme investing predominantly in equities with the tax benefits of Section 80C of the Income Tax Act. It is with a lock-in of three years, which is the minimum for tax-saving schemes, and offers the potential for long-term growth of capital. ELSS funds are best suited to those seeking to save taxes as well as achieve equity market return. Need assistance in selecting an appropriate ELSS fund? Contact us for expert guidance.
An ELSS (Equity Linked Savings Scheme) Mutual Fund is a tax-saving mutual fund scheme investing predominantly in equities with the tax benefits of Section 80C of the Income Tax Act. It is with a lock-in of three years, which is the minimum for tax-saving schemes, and offers the potential for long-term growth of capital. ELSS funds are best suited to those seeking to save taxes as well as achieve equity market return. Need assistance in selecting an appropriate ELSS fund? Contact us for expert guidance.
