Why you should invest in ELSS Mutual Funds?
The tax-saving season is around the corner. Everyone who is liable to pay taxes is seeking investment products that will allow them to save part of their hard-earned money. And we are certain that all of you must be looking for tax-saving opportunities as well. Why you should save taxes with Equity Linked Savings Scheme (ELSS)? Potential to provide Returns over 12%p.a. Dual Benefits- Tax saving and Wealth creation The shortest Lock-in-period of all section 80C options i.e. 3 years Hence we encourage you to invest in ELSS Mutual Funds through our mutual fund platform. Under Section 80C of the Income Tax Act 1961, the investment into an ELSS fund qualifies as a deduction. You can claim a deduction of up to INR 1.5 Lakhs from your taxable income. Hence, if you invest an equivalent amount in the fund, you can save up to Rs. 46,800/- in taxes every year.