5 Reasons Why You Should Invest in Equity Linked Saving Scheme(ELSS)?
Investments in Equity always carry a risk of losing money as the market is always in a state of flux. Smart & sharp is when one is open to save money & invest for the long term. It is February & high time to save tax. Equity Linked Savings Scheme or better known as the ELSS scheme is one of the best avenues to park money & save taxes under section 80C of Income Tax. Many might think is it worth to invest or not. The market is always in a state of flux which is coupled with some economic hiccups & inflation, is making investors to double think into tax saving schemes. Here is why you should invest in ELSS. 1. ELSS Mutual Funds help you save tax Section 80c The foremost purpose of investing in a tax-saving plan is to attain some tax benefits. Well, ELSS mutual funds are permitted to claim tax rebate up to Rs 1.5 lakh under Section 80C of Income Tax. Generally, when it comes to saving tax, we think of products like PPF or ...