One of the biggest USPs of investing in mutual funds is the fact that there are schemes to suit every type of investor. No matter if you are aiming for long-term wealth creation or stable returns, there are different types of mutual fund schemes to match your investment goals. Moreover, there are schemes to help you save taxes.
Popularly known as tax-saving funds, Equity Linked Savings Schemes (ELSS) are eligible for income tax deduction under Section 80C of the IT Act. Let us have a detailed look at what is ELSS funds and their tax benefits.