Equity Linked Savings Scheme
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Latest revision as of 23:39, 30 March 2017
This is a collection of articles archived for the excellence of their content. |
[edit] Smart points to know
Feb 06 2017: The Times of India
1 ELSS is a tax saving mutual fund that is eligible for Sec tion 80C benefits along with the other investments listed, for a maximum amount of Rs 1.5 lakh a year.
2 ELSS is an equity portfolio that invests in a diverse set of equity shares. It can hold some cash defensively, but is primarily an equity investment.
3 ELSS has a lock-in period of three years (lowest among 80C investments), after which the investor can withdraw the funds for short-term goals, besides retirement.
4 The dividends are tax-free and redemption after three years will not attract capital gains tax, as the holding period is over 12 months.
5 Fund performance and portfolio are disclosed monthly and investment can be made in lump sum, through SIP or as desired into a folio.
