EQUITY-LINKED SAVING SCHEME
An equity-linked savings scheme (ELSS) is a type of an equity mutual fund which invests at least 80% of its total assets in equity and equity-related instruments. An ELSS comes with a statutory lock-in period of 3 years and qualifies for a tax exemption under section 80C of the Income Tax Act which allows a maximum tax exemption of Rs. 1,50,000. The returns on ELSS funds are subject to a long term capital gains tax (LTCG) at 10%. However long term capital gains up to Rs. 1 lakh per year are exempt from tax.
Key Benefits of ELSS
Avail tax benefits of up to Rs. 1.5 lakhs along with tax-free capital gains and dividend income (if applicable).
Invest in ELSS as per your flexibility and convenience by choosing from SIP or lump sum investment.
Reinvest capital in ELSS funds on completion of 3-year maturity period to avail additional tax benefits without fresh fund inflows.
Experienced professionals invest and manage your ELSS funds based on extensive market research to ensure returns.