Tax services may seem like a tedious exercise requiring lot of efforts that may make an ordinary investor nervous at the first glance. Equity Linked Savings Scheme (ELSS) offers a simple way to get tax benefits and at the same time get an opportunity to gain from the potential of Indian equity markets.

Simply put, Equity Linked Saving Scheme is a type of diversified equity mutual fund which is qualified for tax exemption under section 80C of the Income Tax Act, and offers the twin-advantage of capital appreciation and tax benefits. It comes with a lock-in period of three years.

In recent Income Tax rules, we can invest upto Rs. 1.50 Lacs and take benefit of Income Tax Saving up to Rs. 46,350/- .

In equity mutual fund scheme, even Long term capital gain (holding period of more than one year) and Dividend received also TAX EFFICIENT.

Benefits :

1. Tax Benefit us 80 C
2. Capital Growth
3. Low Lock-in period - 3 Years

Principle :

Long Term Capital Appreciation - Suitable for Tax Savings with Capital Appreciation

Equity Linked Tax Saving [ ELSS ] :- [ Tax Saving ]

AXIS Long Term Equity Fund

ICICI Prudential Long Term Equity Fund (Tax Saving)

Kotak Tax Saver Fund

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.