Tax saving: Five tips to get the best from your ELSS Mutual Fund

The tax savings season is upon us. And Section 80C remains a popular tax saving tool in the hands of the taxpayer. One of the most popular tax saving investments is the Equity Linked Savings Scheme (ELSS), or tax saving mutual fund (MF) scheme. An ELSS is a diversified equity fund that invests in stocks across sectors and market capitalisation. You can invest up to Rs 1.5 lakh to avail Section 80C tax deduction benefits but you can put more than that as well. However, your tax deduction benefits will be limited to Rs 1.5 lakh.

Click to read