Invest in ELSS and save tax
Thursday, March 2, 2017, 12:25 PM
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.