All that you want to know about Equity Linked Saving Schemes (ELSS)

What is it?A mutual fund that provides you tax benefit under section 80C.ELSS stands for equity linked saving schemes. Maximum limit of investmentThere is no upper limit on investments in ELSS. However, investments of only up to Rs.1.5 lakh per year are tax deductible.  Lock in period36 months or 3 years from date of contribution. …

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