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 |