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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.
Jul 10, 2024 · Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time...
Invest in SBI Long Term Equity Fund for tax-saving and potential wealth creation. Enjoy a diversified equity portfolio and the power of compounding with SBI Mutual Fund.
Mar 27, 2024 · Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time...
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.
Tax Savings under Section 80C. Use the various tax savings options to match your financial goals rather than just treating them as pure tax saving exercise. The thought of the annual income tax planning exercise makes even the most seasoned taxpayers squirm.
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.
Mar 5, 2024 · Investing in tax-saving ELSS mutual funds: Taxpayers can make last-minute investments under Section 80C of the Income Tax Act to avail tax benefits. ELSS, with a three-year lock-in period, offers potential for higher returns compared to other fixed-income products. ET Online. How to invest in ELSS mutual funds.
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.
Mar 21, 2024 · Best ELSS Funds 2022 - Top 10 Tax Saving Mutual Funds. Updated on: Mar 21st, 2024. |. 6 min read. Equity Linked Savings Scheme or ELSS mutual funds are a great investment option for those who are looking for wealth generation, getting regular returns and saving taxes at the same time.
