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ELSS Fund Guide: Mistakes to avoid while investing in tax saving mutual funds

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.

8 min read28 Feb 2023
Money

How new tax regime may impact ELSS fund investors?

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.

5 min read8 Feb 2023
Money

7 golden tips to maximize ELSS fund returns

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.

4 min read22 Jan 2023
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Where to invest to save tax? Take a look at these top-performing ELSS funds

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

17 Jan 2023
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Money

Top performing ELSS mutual funds of past one year: Here is the list

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.

2 min read2 Jan 2023
Money

Mutual funds, NPS to PPF — top 5 tax saving investment tools to save money

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

4 min read31 Dec 2022
Money

ELSS vs PPF vs ULIP: Which is the most tax-efficient bet?

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.

4 min read30 Dec 2022
News

What is ELSS and how it works?

An Equity Linked Savings Scheme (ELSS) is a mutual fund that permits an individual to claim income tax deduction. At the time of investing in ELSS one can enjoy several benefits and the appended feature of tax exemption. Let's take a closer look at this

2 min read4 Jun 2022
Money

Income tax deduction on deposits made in wife's PPF account, ELSS mutual funds

As per Section 64 of Income Tax Act, any income, which arises to your wife on the amount/asset gifted by you, shall be added to your income

2 min read15 Sep 2020
Money

PPF, bank FD, ELSS: Here's the best option to save taxes under Section 80C

PPF is a very good instrument from the point of view of returns, however there is a lock in of 15 years associated with it which makes the liquidity a drag.

1 min read27 Aug 2020
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