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Invest in ELSS and save tax

Thursday, March 2, 2017, 6:55 AM

Equity linked savings scheme popularly called ELSS, is a type of mutual fund. But unlike other mutual funds, ELSS can save you tax. Equity linked savings scheme invests most of your money in stocks. You get a tax deduction up to INR 1.5 Lakhs a year under Section 80C, on the money you invest in the ELSS. ELSS has a lock-in of 3 years.
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