Here is an update on our recommended Equity Linked Saving Schemes or tax-saving mutual fund schemes in October. We have added two more ELSSs to our recommended list. You can see the name of schemes in the table below.
For the new comers, investments in ELSS or tax saving/planning mutual fund schemes qualify for tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. These schemes with a mandatory lock-in period of three years, possibly the shortest lock-in period am ..
