Benefits of ELSS: #2 Tax-free returns
Monday, May 15, 2017, 11:07 AM
As per the asset allocation, ELSS mutual funds are classified under equity funds and any return received from equity funds after the end of 1 year is absolutely tax-free. We all know that ELSS funds come with a lock-in period of 3 years. So, returns, dividends, and the capital gains from such funds also become tax-free.