ELSS is the only mutual fund category, which offers investors a tax-saving option under section 80C of Income-tax Act, 1961 while also creating wealth.
In Addition To These, ELSS Provides
- Higher Returns: As ELSS Funds invest in equity shares of listed companies, they have the potential to generate higher returns over other 80C tax-saving products like Public Provident Fund (PPF), National Savings Certificate (NSC) and tax-saving Bank Fixed Deposits (FDs) in the long term.
- Diversified Portfolio: ELSS Funds invest the pooled corpus across sectors, stocks, market-cap segments and ensure that the portfolio remains diversified throughout the investment period.
- Low Investment Amount: You can invest as low as Rs 500 in ELSS Funds.
- No Upper Cap on Investment Amount: You can invest any amount in ELSS. There is no upper limit on the amount you can invest.
- Lowest Lock-in Period: ELSS Funds have a lock-in period of only 3 years, which is the lowest among all other tax-saving products such as Bank Fixed Deposits (5 Years), PPF (15 Years), NSC (5 Years), ULIP (5 Years).
Follow us on