Did you drop the idea of investing in Equity Linked Savings Schemes (ELSSs) or tax planning mutual fund schemes to save taxes under Section 80C this year because you are not KYC (Know Your Customer) complaint? Well, you can go ahead and invest in ELSS and apply for KYC simultaneously. In fact, you can invest in ELSS even on 31st March this way. "The investor can submit the KYC form and the required documents along with the purchase application of an ELSS," says Chokkalingam Palaniappan, founder, Prakala Wealth Management.
