Monday 26 October 2015

What are Equity Linked Saving Scheme (ELSS) Mutual funds?

ELSS mutual funds in simple term are mutual fund schemes that invests 65% in equity related instruments that are notified to avail tax benefits. Investment in such ELSS MFs would provide tax benefit to investors u/s 80C, which is capped to a maximum of Rs 1 Lakh. 

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