Equity Linked Saving Scheme or ELSS as it is popularly called is a favourite of the working class, Who wouldnt love a product which helps them to save tax inder 80c and also generate moderate returns – Its a classic case of double benefits.
Lets dive into this – The first thing you should know is that it comes with a catch! All ELSS scheme have a lock in period of 3 years
As the name suggests the scheme invests about 80% of its money in equities but it invests in Largecap, Midcap as well as Smallcap with a small portion going into debt, recently many ELSS schemes have generated stupendous returns
Some popular schemes are from Canara Robeco, Kotak & SBI Mutual Funds
We would love to help you in choosing the correct ELSS scheme, give us a call, fill the form in our website or write to us and one of our financial experts will reach out to you in no time.
Keep Investing!!!