An Equity Linked Savings Scheme (ELSS) is the go-to option for every individual who wants to transform the burden of tax into promising returns. This system investment option lets you achieve this feat easily. www.growreal.in
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An Equity Linked Savings Scheme (ELSS) is the go-to option for every individual who wants to transform the burden of tax into promising returns. This system investment option lets you achieve this feat easily. www.growreal.in
ELSS is an open-ended mutual fund scheme that comes with a statutory lock-in of 3 years. The funds are managed by expert fund managers and are offered by almost all fund houses in India.
A conservative investor can invest in PPF, NSC, SCSS, Post Office Saving Schemes and a number of other investments to save tax under Section 80C up to Rs 1.5 Lakhs a year.
Post office schemes are a good investment to park surplus money for varying time periods. Post office saving schemes offer capital protection and generate better returns than bank fixed deposits. However, some post office schemes also provide tax benefits to investors along with high interest.