Equity Linked Saving Scheme is the best tax saving Mutual Fund.
It is exempted under Sec 80C of the IT Act.
I am illustrating India’s “Best Tax Saving Mutual Funds-Invest in Top ELSS Fund 2020”.
Some features of ELSS:-
- Investment up to Rs.1,50,000/- can be claimed as a tax deduction in each financial year.
- Has a Lock-In period of 3 Years.
- Average Returns around 15% in 3 years.
- Better Investment than PPF and Fixed Deposit.
ELSS Investment gives dual profit Capital gains as well as Tax Exemption.
That’s why it is the most preferred Tax saving Investment.
Since ELSS are categorized as:-
- Dividend -Growth
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