WebEquity Linked Savings Schemes (ELSS) are tax saving mutual funds. ELSS funds are open-ended equity funds with a lock-in of 3 years. They invest the majority of their assets in equity. These funds are the only … WebBest Tax Saving Plans High Returns Get Returns as high as 17%* Zero Capital Gains tax unlike 10% in Mutual Funds Save upto Rs 46,800 in Tax under section 80 C *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply Get Instant Tax Receipts Save upto ₹46,800 in Taxes Under Section 80C Your Name +91

Best tax saving mutual funds or ELSS to invest in 2024

WebAug 18, 2024 · What are ELSS Funds? Equity Linked Saving Schemes (ELSS), popularly known as tax saving mutual funds, are equity-oriented mutual funds. As per the SEBI regulations, ELSS funds have to invest at least 80% of their corpus in equity or equity related instruments. WebELSS funds are equity funds that invest a major portion of their corpus into equity or equity-related instruments. ELSS funds are also called tax saving schemes since they offer tax exemption of up to Rs. 150,000 from your annual taxable income under Section 80C of the Income Tax Act. As the name suggests, an ELSS fund is an equity-oriented ... justice texas city

Kotak tax Saver Funds ELSS Funds - Kotak Mutual Fund

WebThe scheme offers the dual benefit of tax saving and wealth creation. It comes with a lock-in period of three years and provides individuals/HUFs a deduction from gross total … Web5 Reasons to invest in the Quantum Tax Saving Fund. 1. Optimize tax saving under Section 80C. 2. Uses a bottoms-up stock selection process to minimize risk. 3. Has a low portfolio turnover. 4. Holds cash when stocks are overvalued - … WebDec 13, 2024 · It had been earlier in the third quartile two months. Watch out for our monthly updates to keep track the performance of your schemes. Best ELSS or tax saving … launch pad in wilmington nc