All you need to know about Tax Saving Funds - Invest in ELSS

Himanshu Thukral14 Jan, 2025Finance

Save taxes smartly with Tax Saving Funds & learn how to Invest in ELSS for tax benefits. Explore the advantages of Tax Saving Mutual Funds for better returns. Tax Saving Funds, or Equity Linked Savings Schemes (ELSS), are mutual fund schemes established to offer investors the double advantages of wealth creation and tax savings. With the potential for high returns over time, these funds mainly invest in equities and equity-related instruments. Since ELSS investments can result in a tax deduction of up to Rs.1.5 lakh each financial year under Section 80C of the Income Tax Act, 1961, they are an attractive choice for investors willing to save taxes.