Invest In ELSS With Sahinvestments Kolkata.
- Achintya Sah
- Jan 13, 2023
- 1 min read
The Equity Linked Savings Scheme, often known as ELSS, is a form of mutual fund program that makes investments in the equity markets and is eligible for tax breaks under Section 80C of the Income Tax Act. Tax deductions under Section 80C are available for ELSS Mutual Fund investments of up to Rs 1.5 lakh in a fiscal year. The lock-in period for these funds is also the shortest of all the choices available under Section 80C, just 3 years from the day units are allocated. Every investor needs to have ELSS due to its dual benefits of tax savings and the possibility for better returns than traditional tax-saving investments. Click here to invest
Why are ELSS Mutual Funds the most promising tax-saving strategy?
The shortest lock-in period of three year
Potential for higher returns than traditional tax-saving products
Better post-tax returns: Qualified for Long Term Capital Gains - Tax-free up to gains of ₹1 lakh, just 10% beyond ₹1 lakh
Option to invest one time or set up monthly SIP for regular & hassle-free investing with amounts as low as Rs 500
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