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What is ELSS?<br><br>ELSS (Equity Linked Savings Scheme) is a type of mutual fund that invests primarily in equities (company shares) and offers tax benefits under Section 80C of the Income Tax Act.<br>It is one of the most popular options for investors who want to grow their money while also saving tax.<br><br>2ufe0fu20e3 Key Features of ELSS<br><br>ud83dudcb0 Tax Deduction: You can claim a deduction of up to u20b91.5 lakh under Section 80C.<br><br>ud83dudd12 Lock-in Period: The investment is locked for 3 years, which is the shortest among all 80C options.<br><br>ud83dudcc8 Market-Linked Returns: Since ELSS invests in equities, the returns depend on market per
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What is ELSS? An Equity Linked Savings Scheme (ELSS) is a type of mutual fund that primarily invests in equity and equity-related instruments. It is designed to help investors save tax while building long-term wealth. ELSS funds are among the most popular tax-saving investment options under Section 80C of the Income Tax Act, 1961. www.susampada.in +91 7075763939
Key Tax Benefits Deduction up to ₹1.5 lakh per financial year under Section 80C. Helps reduce your taxable income, lowering overall tax liability. No tax on dividends (as they are reinvested). Long-Term Capital Gains (LTCG) above ₹1 lakh are taxed at 10%, which is lower compared to other income sources. www.susampada.in +91 7075763939
Shortest Lock-in Period ELSS has a 3-year lock-in period, the shortest among all Section 80C investments. This encourages long-term investing while ensuring tax savings. After 3 years, you can redeem or continue the investment for compounding growth. www.susampada.in +91 7075763939
Lowest lock in period v/s other tax saving options www.susampada.in +91 7075763939
Flexibility to participate in all three market caps www.susampada.in +91 7075763939
PPF vs ELSS www.susampada.in +91 7075763939
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