Articles tagged: ELSS 

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ELSS – Secret of Tax Saving with Mutual Fund Investments. written by Ryan Crown Crown
ELSS is abbreviation for Equity-Linked Saving Scheme. This is one of several schemes offered by mutual funds and is popular among high net worth tax payers because of their unique features. For the high-income individuals (people whose annual income is above the tax-free slab), equity-linked saving schemes are a good way to save tax. Generally Mutual Fund Investments are considered to be risky without proper guidance / knowledge, but investing with ELSS, along with tax-deduction benefits you do get monetary profits in the longer run. For instance, someone who is risk-averse can opt for life insurance or five-year deposit with a bank. For someone keen on saving tax, even on income (interest) arising out of the investment would prefer Provident Funds (Employee Provident Fund or Public Provident Fund). Then, for the young and high net worth, with a good risk appetite can go for ELSS.

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