Web9 hours ago · ELSS mutual fund explained. An equity-linked savings plan (ELSS) is a category of mutual fund wherein at least 80% of the corpus is invested in equity securities. Under Section 80C of the Income Tax Act, you can get a tax exemption up to Rs. 1.5 lakh on your ELSS investments. ELSS has the shortest lock-in period, which is three years, … WebELSS (Equity Linked Savings Scheme) The full form of ELSS makes it self-explanatory that it is a equity based mutual fund. Basically a tax saving mutual fund that helps you avail …
ELSS Withdrawal Rules: How To Redeem ELSS SIP Investments?
WebJan 29, 2024 · One of the popular instruments of saving tax is the equity-linked saving scheme or ELSS. These are tax-saving mutual funds that allow you tax deduction benefits under section 80C of the income tax ... WebELSS or Equity Linked Saving Scheme is an equity mutual fund with the dual benefit of saving tax and wealth creation with a lock in period of 3 years. Investment in ELSS funds … pink explosion fsn
ELSS Tax Benefits - What is the Taxation of ELSS Funds? - RankMF
Web13 hours ago · Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some investment options still make sense for you. Whether it is Public Provident Fund ... WebMar 13, 2024 · It is one of the shortest amongst all investment options available under Section 80C of the Income Tax Act. Being an equity fund, ELSS comes with the similar market risk as other equity funds ... WebMar 19, 2024 · The investment in ELSS mutual fund schemes can be done either as a lump sum or via monthly systematic investment plans (SIP). By investing Rs 1.5 lakh in a financial year in an ELSS, an individual taxpayer in the highest tax bracket can save tax of Rs 46,800 (inclusive of cess at 4%) under the old tax regime. How to invest in ELSS. pink exercise clothes