ELSS mutual funds: Top 5 reasons to invest in equity-linked saving schemes1 min read 14 May 2022, 08:23 AM IST
Tax saving mutual funds: ELSS mutual fund is a good instrument option for equity investors who want to save tax and grow wealth in tandem
ELSS mutual funds: Equity linked saving schemes are tax saving mutual funds, which helps an investor beat inflation growth in long term. This tax saving scheme is an equity mutual fund with three year lock-in with income tax benefit under section 80C of the income tax act. Like any other equity mutual funds, an investor can invent in ELSS mutual funds in SIP mode with minimum monthly SIP of ₹500.
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