Tax Saving Funds (ELSS)
Tax Saving Funds, also known as Equity Linked Savings Schemes (ELSS), are mutual fund schemes that primarily invest in equity and equity-related instruments. They offer the dual advantage of potential long-term capital growth and tax-saving benefits under Section 80C of the Income Tax Act. These funds come with a mandatory lock-in period of three years, making them one of the shortest among other tax-saving options.
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Explore Different Tax Saving Funds (ELSS) Options
Each type offers distinct benefits for various investment goals.
Growth Option
Returns are reinvested in the fund, helping in capital appreciation over time. Suitable for investors focusing on long-term wealth creation.
Dividend Option
Investors may receive dividends from the fund, subject to declaration by the fund house. This option allows periodic payouts during the investment period.
Dividend Reinvestment Option
Dividends declared are reinvested into the scheme, adding to the total investment value and compounding growth.
Why Choose This Service
Explore the unique advantages this service provides.
Shortest Lock-in Period
ELSS funds have a lock-in of only three years, offering more flexibility compared to other tax-saving instruments.
Market-Linked Returns
Being equity-oriented, returns depend on market performance and can potentially generate higher growth over the long term.
Diversified Portfolio
Invests across sectors and market capitalizations to spread risk and capture growth opportunities.