ELSS schemes also enjoy the benefit of coming under EEE or Exempt, Exempt, Exempt (EEE) category.
Indian stocks have rallied sharply in the past few years, boosting the returns from Equity Linked Savings Scheme or ELSS, a tax-saving mutual fund. According to Valueresearchonline.com, equity linked savings scheme as a category has given 25 per cent return in one year, 13 per cent in three years and 18 per cent in five years. What exactly are ELSS funds? They are equity-oriented mutual funds that predominantly invest in equity and equity-related securities. ELSS has a lock-in period of three years, which means invest…
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