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ELSS is a type of Mutual Fund which allows you to claim for income tax deduction. You can save up to ₹ 1.5 lakhs a year in taxes by investing in ELSS, which is covered under Section 80C of the Income Tax Act, 1961.
3 days ago · Get latest NAV, Returns, SIP Returns, Performance, Ranks, Dividends, Portfolio, CRISIL Rank, Expert Recommendations, and Comparison with gold, stock,ULIP etc. Calculate SIP, VIP Returns. Now ...
4 days ago · SBI Long Term Equity Fund Direct Plan-Growth has ₹23,888 Crores worth of assets under management (AUM) as on 30/06/2024 and is medium-sized fund of its category. The fund has an expense ratio of 0.94%, which is close to what most other Elss funds charge.
This is where the SBI Long Term Equity Fund, an ELSS instrument, steps in to offer both tax savings and wealth creation opportunities. Being a diversified equity fund, it has the potential for long-term wealth creation. The 3-year lock-in helps you stay invested and creates investment discipline.
Track SBI ELSS funds latest NAV, historical returns, performance, ratings by CRISIL, morningstar etc & fund manager details that invest in large, mid-cap & small-cap companies.
ELSS funds are equity funds that invest a major portion of their corpus into equity or equity-related instruments. ELSS funds are also called tax saving schemes since they offer tax exemption of up to Rs. 150,000 from your annual taxable income under Section 80C of the Income Tax Act.
Mar 26, 2024 · ELSS or tax saving funds are mainly used to save taxes under Section 80 C. Investors can save up to Rs 1.5 lakh in a financial year by investing in these funds. Here are 10 ELSS funds that offered over 40% in FY24, according to the data by ACE MF. ET Online.
Mar 8, 2024 · ELSS or Equity Linked Savings Scheme are tax-saving mutual funds in India. They combine the benefits of equity investments with tax deductions under Section 80C. ELSS has a 3-year lock-in period, offering the potential for high returns and tax savings, making it a popular choice for long-term investors.
Jun 12, 2024 · An ELSS fund or an equity-linked savings scheme is the only kind of mutual funds eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes by investing in ELSS mutual funds.
Best SBI ELSS Tax Saver Mutual Funds. SBI AMC offers 28 Tax Saver Mutual Fund with a total AUM belonging to Rs 978,202 crores as on July 2024 . With the best elss tax saving fund and an investor can claim up to Rs 1.5 lakhs as a tax deduction against their investments under section 80C. Overview.
