INVEST IN ELSS FOR SAVINGS YOUR TAX

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TAX SAVING WITH WEALTH CREATION :

EARN MONEY SAVE TAX

Tax planning may seem like a tedious exercise requiring lot of efforts that may make an ordinary investor nervous at the first glance. Equity Linked Savings Scheme (ELSS) offers a simple way to get tax benefits and at the same time get an opportunity to gain from the potential of Indian equity markets.

What is ELSS?

Simply put, ELSS is a type of diversified equity mutual fund which is qualified for tax exemption under section 80C of the Income Tax Act, and offers the twin-advantage of capital appreciation and tax benefits. It comes with a lock-in period of three years.

Why should one invest in an ELSS?

ELSS funds are one of the best avenues to save tax under Section 80C. This is because along with the tax deduction, the investor also gets the potential upside of investing in the equity markets. Also, no tax is levied on the long-term capital gains from these funds. Moreover, compared to other tax saving options, ELSS has the shortest lock-in period of three years.

Equity Link Savings Scheme u/s 80C

An ELSS is a diversified equity fund that invests In stocks and is not concentrated in a sector or market category, and is thus a less risky way to invest in equity market—with a three-year lock-

in. Within the tax-saving set, it is the only one that offers advantages of investing in equity.

ELSS is a mutual fund similar to any diversified equity mutual fund that routes your investments

into equity markets. ELSS carries a tax benefit on the amount invested with lock in of 3 Years.