Tax Planning With Mutual Funds

Tax Planning With Mutual Funds

For most people, tax planning is seen as something that is time consuming and difficult, and is considered an activity that requires massive amounts of effort. The very thought of it is enough to make most ordinary investors nervous. However, the Equity Linked Savings Scheme or ELSS makes it very easy for all investors to get tax benefits as well as benefit from the potential upside of investing in the Indian equity market. So what exactly is ELSS? It’s a type of diversified equity mutual fund which gives investors the benefit of tax exemption under section 80C of the Income Tax Act.

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