Type of Service Provider Consulting Firm Equity Linked Saving Schemes ELSS, Type of Service Contract Retainer Based, Requirement Type Personal

Equity linked saving schemes elss these schemes offer tax rebates to the investors under specific provisions from the earnings tax act, 1961. E. G. Pf, Ppf, Lic, Ulips, Equity linked savings schemes elss . Pension schemes launched through the collaboration of funds also offer tax benefits. Equity linked saving schemes elss elss equity linked saving schemes is a collective investment scheme similar to any diversified equity mutual fund that routes your investmentsinto equity markets. However, It stands apart from a regular mutual fund in one major way. Elss equity linked saving schemes carries a tax benefit on the amount invested, And therefore you must be present to lock, In your investment in an elss for three years. As the designation of the scheme very This product, Clearly suggests is a tax saving scheme that s linked to equity. These schemes are growth oriented and invest pre, Dominantly in equities. Their growth opportunities and risks associated are like any equity, Oriented scheme. Few most important features of equity linked saving schemes elss . Features of elss equity linked saving schemes proxy route to directstock investmentslock, In feature provideslong, Term investing disciplineprovides tax saving benefits and the capacity to higher returnsflexibility to investsmall amounts through an sip organized investment approach who can buy? section 80c of the income tax act providestax benefitsto a person who buys units of elss, Either in his own name or jointly. Individuals, What is the minimum & highest possible quantity of investment? investments can be made through a systematic investment plan sip