Mistakes to be Avoided While Buying an ELSS Fund - Yadnya Investment Academy
While tax planning may seem to be a difficult process, Mutual Funds offer us a simple way to get tax benefits, while aiming to make the most of the potential of the equity markets. An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that doesn't just help us save tax, but also gives us an opportunity to grow our money. It qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act. It is true and the attraction point for most investors. Still we should not limit our vision but use this investment instrument to its full potential.
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