Equity Linked Savings Schemes

Equity Linked Savings Schemes

Equity Linked Savings Schemes

Also known as tax saving mutual fund, ELSS is an equity-based mutual fund offered by registered Asset Management Companies (AMC).
Minimum investment required is Rs. 500 per month, no cap on the amount of investment.
Linked to the equity market, it has the potential to earn better returns and is recommended for people with higher appetite for risk.

Benefits:-

Investment up to Rs.1,50,000 is eligible for deduction under Section 80C.
The Long Term Capital Gains on ELSS are tax-exempt up to Rs.1 Lakh and dividend received is tax-free in the hands of investors.
ELSS have a lock-in period of three years, the least among all tax saving investments.
Talk to a CA to know more!
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