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What is an Equity Linked Saving Scheme (ELSS)?


If you’re looking for tax saving mutual funds look for an ELSS mutual fund or Equity Linked Savings Scheme. It is a diversified equity mutual fund that helps you to save tax as per the current tax laws with the growth potential of equities. Unlike all other types of tax saving investments, ELSS has a lock-in period of just 3 years, which is the lowest! You can invest in ELSS through lumpsum or Systematic Investment Plan (SIP) and also benefit from rupee-cost averaging and compounding. ELSS could be the ideal option to help beat rising inflation in the long term and help grow your money.


Key Benefits of Tax Saving ELSS Mutual Fund


- Dual benefits (Aim to create wealth & Save tax)


- Shortest lock-in of 3 years


- Minimum investment of Rs 500/-


- LTCG exempt upto Rs 1,00,000/-


- Save upto Rs 46,800/-


ELSS Calculator

What is your taxable income?

This is how much tax you pay
How much can you invest annually in an ELSS?

Hey Look, your tax reduced to
You save a grand total of:
  • The calculation mentioned in the Tax calculator is based on the tax slab applicable for FY, 2020-21, which is subject to change. Investors should consult their financial advisers / tax advisor if in doubt about whether the product is suitable for them. Investments in mutual funds inherently involve risks and recipients should consult their legal, tax, and financial advisors before investing to understand various tax and other implications. The above calculator is for illustration and general information purpose only.

Plan your tax saving investment now

Tax Saving Investments
With calendar year-end rapidly approaching, now is the time to make some tax-smart moves for FY2019-20. Most of us defer our tax saving investments till the last few months of the financial year, for example,

Tax Savings with Mutual Funds

Tax Saving Mutual Funds in India
Tax is probably one of the most feared words today. Most of us explore the depth of investment options that are there for tax-saving – Public Provident Fund and National Savings Certificate being the old horses in the race.

Basics of Income Tax

Basic of Income Tax
Tax! It's such a little word. But the best of us find it terrifying. Perhaps it's because we know so little about it. While we fulfil out tax obligation every year, we also owe it to ourselves to make the most of tax savings and create real wealth for the future.


The tax saving shown has been calculated for an individual (aged less than 60 years) / Hindu undivided Family (HUF) in the highest income tax slab having annual income less than Rs 50 lakh and continuing with the old tax regime. As per Section 80C of the Income Tax Act, 1961 for the Financial Year 2020-21, investment in ELSS upto Rs. 1.5 Lakhs is eligible for tax deductions. For investor in highest tax bracket, investment of Rs. 1.5 Lakhs, will result in tax savings of 30%, amounting to Rs. 45,000/-.

The calculation mentioned in the Tax calculator is based on the following tax slab, which might undergo change depending on the Union Budget:

Income Tax Slab Tax Rates for Individual & HUF Below the Age Of 60 Years & NRIs
Up to Rs 2.5 Lakhs NIL
Rs. 2.5 Lakhs - Rs. 5 Lakhs 5%
Rs. 5.0 Lakhs - Rs 10 Lakhs 20%
> Rs 10.0 Lakhs 30%


An investor education & awareness initiative.

Investors should deal only with Registered Mutual Funds, to be verified on SEBI website under "Intermediaries/Market Infrastructure Institutions". Refer www.ltfs.com for details on completing one-time KYC (Know Your Customer) process, change of details like address, phone number etc. and change of bank details etc. For complaints redressal, either visit www.ltfs.com or SEBI's website www.scores.gov.in

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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