When it comes to saving tax, Equity Linked Savings Scheme (short for ELSS) of mutual funds is one of the most favoured investment options. It has a lock-in period of 3 years and has the potential to provide you high returns linked to the market. Moreover, there is no limit to making investments in these schemes. However, one should devise a proper strategy while investing in ELSS to gain good returns over a period of time. This is because the returns are market-linked and not guaranteed.
Small-cap mutual funds' assets soar 83% to Rs 2.43 lakh crore in FY24 on retail investor boom
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