TAX TREATMENT AND BENEFITS OF INVESTING IN ELSS FUNDS
Smart and intelligent planning can help you save upto Rs 85,800# in a financial year depending on your tax bracket. The greater your income, the more tax you can save. Icicidirect.com brings you an easy way to invest in some of the most popular tax-saving options in just a few clicks to maximize your savings.
Grow your wealth and save up to Rs. 46,800 under Sec. 80C with top tax-saving mutual funds. ICICIdirect offers a wide range of ELSS funds with the lowest lock-in period of three years to help you earn high returns with high liquidity! Start investing today.
Reasons to Invest in ELSS Funds
- Lock-in period of just 3 years, lowest among all other 80C investments
- Equity market linked returns, thereby offering potential for higher returns than traditional tax saving products
- Invest regularly with amount as low as Rs. 500 monthly via Systematic Investment Plan (SIP)
- Benefit from compounding over time
- Returns are not taxable up to Rs. 1 lakh a year. 10% tax on returns above that