Net inflows into Equity Linked Savings Schemes (ELSSs) was at Rs 1,166 crore for the month of January 2017, the highest for the month of January in the last ten years.
ELSSs or tax saving/planning mutual funds are one of the popular tax saving investment options under Section 80C of the Income Tax. The section 80C allows a maximum tax deduction of up to Rs 1.5 lakh on certain investments.