ELSS Mutual Fund

ELSS = Equity Linked Saving Scheme

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ELSS is a tax saving investment & is very popular among tax payers

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Investment in this scheme qualifies for deduction in Income Tax u/s 80C upto 1.5Lakh

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There is a lock-in period of 3 years in ELSS Mutual Funds

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Before 3 years, no one can redeem his/her investment in ELSS M.F.

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Expected Returns =12-18%

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There is no Exit Load in this scheme but units can be redeemed only after 3yrs

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No capital gain tax (LTCG Tax) on profit of up 1 lakh

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10% LTCG Tax is levied for gains more than one lakh

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Get complete details of ELLSS Mutual Fund ↓

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