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Daily Archives: January 14, 2017

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What is Equity-Linked Savings Scheme (ELSS)?

Mutual Funds, Wealth ManagementBy Surendra NaikJanuary 14, 2017

Equity-Linked Savings Scheme (ELSS) funds are the most preferred tax saving instruments in the current year. The investment in the scheme offers you income tax rebate u/s 80 (C ) of IT act to the maximum limit of Rs. 150000.00 in a financial year with the shortest lock-in period of 3 years. TAX rule (EEE):  Investment…

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