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Understanding Tax Saving Mutual Funds: Features, Benefits, & How They Work
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Understanding Tax Saving Mutual Funds: Features, Benefits, & How They Work
These funds fall under the category of Equity Linked Savings Scheme (ELSS). They are a type of mutual fund that mainly invests in equity markets. Many investors choose them to reduce their taxable income. Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to ₹1.5 lakh by investing in these funds. This blog will explore how they work, their features, and benefits. What are Tax Saving Mutual Funds? Tax saving mutual funds…
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