The Twin Benefits Of ELSS Investing

When it comes to saving taxes, it’s the Section 80C basket of the Income-tax Act, 1961, that investors focus on as it provides a large deduction of Rs 1.5 lakh per annum and has the biggest bouquet of products. Out of the few equity-oriented products that the 80C basket contains is the equity-linked savings scheme (ELSS) from mutual funds (MFs). The fact that ELSS comes with a lower lock-in period compared to most other tax-saving products and provides a pure stock market play makes it an attractive option for long-term goals, especially for young investors.   Equity Potential ELSS is a diversified equity scheme that invests across all sectors and market capitalisations as per the scheme objectives. Through ELSS, investors can access the equity market and save on taxes at a reasonable cost. “ELSS is one of the ideal investment options to save tax. It can work...