Save Tax

Equity Linked Saving Schemes (ELSS) are tax savings schemes of mutual funds. It gives you benefit of Tax savings as well as wealth creation. Invest up to Rs 1.5 lakh every year and save tax up to Rs 46,800 under section 80C of Income Tax Act, 1961. ELSS has shortest lock in period of 3 years compared to other 80C instruments. Further, long term capital gains up to Rs 1 lakh is tax free. Invest by signing up for monthly SIP and avoid hassle of last minute tax planning.