Mutual Fund

Tax Saving basket for 80C tax benefits - Equity Linked Saving S

The Equity Linked Saving Scheme (ELSS) is a tax saving mutual fund covered under Section 80C of the Income Tax Act. It enables investors to save taxes on their investments. ELSS funds invest in equities and have a lock-in period of 3 years. Investments in these funds qualify for a tax deduction of up to Rs 1.5 lakh. Investments into ELSS can be done via SIP or a lumpsum amount. The maximum possible tax saving is Rs. 46,800 per year. In the case of SIP, each instalment is locked for a period of three years. Despite stock market volatility, ELSS funds offer strong returns compared to other asset classes over longer periods of time.

Min Investment
Returns (CAGR)
Returns (CAGR)
Schemes NAV Category Name 1yr 3yr 5yr Weightage(%) Quantity
Mirae Asset Tax Saver Fund -Regular Plan-Growth
32.77 ELSS (Tax Savings) 14.30 26.31 14.95 40.00 15.26