ELSS Funds

Investing in ELSS or Equity-Linked Savings Schemes is an excellent option to start with for first-time investors. Not only does it provide tax relief under Section 80C, but it also offers the possibility of wealth creation by investing in equity. ELSS funds are among the best tools for generating long-term wealth, especially for first-time investors. […]

The main objectives of investing in mutual funds are to benefit from stock market movements and to earn good returns. However, profit or income earned from investing in mutual funds is also taxable under the Income Tax Act. An Equity-linked savings scheme (ELSS) is a special type of fund designed for investors to invest in […]