Page Title

If you are looking to save tax and keep your money invested for at least 3 years, ELSS mutual funds are the best tax-saving investment tool. ELSS mutual funds come with the dual benefit of tax-saving and wealth-building. Like other equity mutual funds, ELSS mutual funds invest your money into the stock market to yield high returns. Most ELSS funds have a diversified portfolio of large-cap, mid-cap, and small-cap stocks.

You can invest up to Rs. 1,50,000 and save up to Rs. 45000 of taxes every year under section 80C of the Indian Income Tax Act. Also, the capital gains from ELSS funds are completely tax-free. ELSS funds have a lock-in period of 3 years which is lesser than all other tax-saving investment options.