Why invest in ELSS funds
ELSS allows Indian citizens to reduce their taxable income by Rs.1,50,000 under Section 80C. There are other investment options that help save under this same Section, but ELSS offers the lowest lock-in obligation of 3 years and the possibility of the highest returns. The funds invested in ELSS schemes are exempted from taxation, but if the returns on investment are greater than Rs.1 lakh, they are charged tax at 10% under LTCG.
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Why Invest With FundsIndia?
FundsIndia is India's friendliest online-only investment platform. Built on robust technology, FundsIndia gives users access to ELSS funds from leading fund houses. Additionally investing in stocks from NSE & BSE, corporate fixed deposits and various other investment products, are all made available in one convenient online location. In short, FundsIndia is your one stop shop to build wealth.