WebMar 21, 2024 · Here are some pros and cons of Tax Saving Mutual Funds (ELSS funds) in India: Pros: Tax benefits: One of the main advantages of Tax Saving Mutual Funds (ELSS funds) is the tax benefits they offer. Investors can claim a deduction of up to INR 1.5 lakh per year on their investments in ELSS funds under Section 80C of the Income Tax Act, … WebELSS mutual funds provide the opportunity to earn reasonable returns and save tax. These funds invest at least 80% of the scheme’s assets in equities. So, the returns you could earn on them are directly linked to the stock market’s performance. This can be a suitable option if you want to invest for long-term goals such as creating a ...
ELSS Calculator - ELSS Mutual Fund & Return Calculator - Upstox
WebELSS funds are equity funds that invest a major portion of their corpus into equity or equity-related instruments. ELSS funds are also called tax saving schemes since they offer tax … WebOnly ELSS Mutual Funds offer tax benefits under section 80C of the Income Tax Act. As per this section, one can avail tax exemptions up to INR 1,50,000 by investing in ELSS funds. Introduction to Equity Linked Savings Scheme (ELSS) ELSS is a dedicated mutual fund scheme that allows investors to save tax. It also provides an opportunity for long ... t shirt 2 cooler
ELSS - Know What is ELSS, Its Meaning, Features & Benefits
WebApr 9, 2024 · ELSS funds have a three-year lock-in term and invest primarily in equity or equity-related securities. Equity Linked Savings Scheme, commonly known as ELSS, is … WebFeb 14, 2024 · To invest in ELSS to save tax, individuals can choose to invest in ELSS mutual funds through various modes such as lump-sum or SIP. Select a suitable fund based on financial parameters and fund manager performance, and hold the investment for at least three years to benefit from tax savings under Section 80C of the Income Tax Act. WebJun 15, 2024 · What are ELSS mutual funds? An Equity-Linked Savings Scheme (ELSS) is the only type of mutual fund that offers tax benefits. They are diversified equity funds. They invest in equity and equity-linked instruments. ELSS has a mandatory lock-in period of 3-yrs, after which it becomes an open-ended scheme. t shirt 2 color