What is an Equity Linked Saving Scheme (ELSS)?
An Equity Linked Saving Scheme is a diversified equity mutual fund that gives youthe dual benefit of tax savings with the growth potential of equities. But unlikeother tax saving investments, ELSS has a lock-in period of just 3 years, which is thelowest! You could invest in ELSS through a Systematic Investment Plan (SIP) andalso benefit from rupee-cost-averaging and compounding. ELSS could be the idealoption to help beat rising inflation in the long term and help grow your money.
Key Benefits of Tax Saving ELSS Mutual Fund
- Dual benefits (Wealth Creation & Tax Saving)
- Shortest lock-in of 3 years
- Minimum investment of Rs 500/-
- LTCG exempt upto Rs 1,00,000/-
- Save upto Rs 46,800/-