Introduction to ELSS Funds
Benefits of Investing in ELSS
How to Choose the Right ELSS Fund
Conclusion and Best Practices
Frequently Asked Questions
- <b>1. What are ELSS funds?
ELSS (Equity Linked Savings Scheme) are mutual funds that invest primarily in equities and offer tax benefits under Section 80C.- <b>2. What is the lock-in period for ELSS?
ELSS funds have a mandatory 3-year lock-in period, the shortest among 80C tax-saving instruments.- <b>3. Are returns from ELSS taxable?
Long-term capital gains (LTCG) over ₹1 lakh are taxed at 10% without indexation.- <b>4. How much can I invest in ELSS for tax saving?
Investments up to ₹1.5 lakh qualify for deductions under Section 80C.- <b>5. Can I invest in ELSS online?
Yes, ELSS funds can be invested online through AMC websites, mutual fund platforms, and banks.