When it comes to tax benefits and possible profits, mutual funds such as the Equity Linked Savings Scheme (ELSS) are a better option than traditional tax-saving options like National Savings Certificates (NSC) or Public Provident Funds (PPF). The following justifies your consideration of ELSS for your finances: Tax Benefits: Under Section 80C of the Income …
If you are a beginner investor, ELSS is the greatest choice since it offers tax benefits, gives you a taste of mutual funds, and allows you to invest in stocks. Only equity-linked savings plans (ELSS funds) qualify for tax deductions under Section 80C of the Income Tax Act of 1961. Here, we’ll examine all the …
(Equity Linked Savings Scheme) ELSS Funds: Meaning, Full Form & Interest Rate Read More »
