ELSS

Do you want a deep-rooted income-tax deduction and certain quality return from your invested money? Investing money in ELSS comes with a locking period of 3 years but SB WealthNurture will guide you in assuring high gain.

Know ELSS Mutual Funds

ELSS, or Equity Linked Savings Scheme, is a popular and tax-efficient mutual fund investment option available to Indian investors. As a type of diversified equity fund, ELSS invests primarily in the stock market, offering potential for higher returns compared to traditional tax-saving instruments. What makes ELSS particularly attractive is its unique tax benefit under Section 80C of the Income Tax Act, allowing investors to claim deductions on investments up to a specified limit, which helps in reducing their taxable income. Additionally, ELSS comes with a mandatory lock-in period of three years, which not only encourages long-term wealth creation but also promotes financial discipline among investors.

About Your Needs

Do you want a good amount of deduction from income tax? If yes, you should go for ELSS. This combination of potential growth, tax savings, and a relatively short lock-in period has made ELSS a favoured choice for those seeking to build wealth while saving on taxes in India. However, like all market-linked investments, ELSS carries some degree of risk, and investors should carefully assess their risk appetite and investment horizon before making a investment.