Elss Funds News

Under the old tax regime, investments in Equity Linked Savings Scheme (ELSS) are the only instrument eligible for a deduction under Section 80C of the Income Tax Act, subject to a 3-year lock-in period.

But according to experts, these changes would make investing in ELSS to reduce taxes less appealing for people with taxable income up to ₹7 lacs, let’s know how.

However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years—and has a track record of producing better returns over the long term than fixed deposits, post office schemes, and other tax-saving investments that fall under section 80C.

Taxpayers can save tax under various sections through investments, the most popular being ₹1.5 lakhs under Section 80c. ELSS funds are one of the investment options. A look at the list of top ELSS funds, compiled by Sharekhan by BNP Paribas

Equity Linked Savings Schemes (ELSS) are the most popular choice when it comes to section 80C tax deduction on various investments up to ₹1.5 lakh per year from your taxable income.

PPF, ELSS mutual funds, Post office term deposits, etc are some of the investment tools that allows income tax exemption to an earning individual

Each investment option has its own pros and cons, as well as a sector to which it belongs. In the case of the Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), and Unit Linked Insurance Plan (ULIP), ELSS falls under the equity category, PPF under the debt category, and ULIP is an insurance product.

ELSS funds can give inflation-plus returns in the long termAn ELSS has the shortest lock-in period of three years

When you make these switches, they will complete in 3-4 days and your units will all be in direct mode after that

From giving a return kicker to keeping your funds safe, mutual funds can offer a lot