ELSS (Tax Saving)

ELSS (Tax Saving)

Save Tax While Building Wealth

Equity Linked Savings Scheme (ELSS) is a type of mutual fund that offers investors the opportunity to save tax while participating in long-term wealth creation. ELSS investments qualify for tax deductions under Section 80C of the Income Tax Act, making them a popular choice for salaried professionals and individuals looking for efficient tax planning.

At Finpenny, we help investors choose suitable ELSS funds that align with their financial goals and risk profile. Our goal is to ensure that your tax-saving investments also contribute to long-term wealth creation.

ELSS funds primarily invest in equities, which allows investors to benefit from the growth potential of the stock market while enjoying tax advantages.

blank
Tax Benefits Under Section 80C
blank
Shortest Lock-in Period
blank
Potential for Wealth Creation
blank
SIP-Based Tax Saving

Frequently Asked Question

  • What is ELSS?
    Equity Linked Savings Scheme (ELSS) is a type of mutual fund that primarily invests in equities and offers tax benefits under Section 80C of the Income Tax Act.
  • What is the lock-in period for ELSS?
    ELSS investments have a lock-in period of 3 years, which is the shortest among most tax-saving investment options available under Section 80C.
  • How much can I invest in ELSS for tax benefits?
    You can claim tax deductions of up to ₹1.5 lakh per financial year under Section 80C for investments made in ELSS and other eligible instruments.
  • Can I invest in ELSS through SIP?
    Yes. Investors can invest in ELSS through Systematic Investment Plans (SIP), which allows them to invest smaller amounts regularly while building wealth over time.
AMFI Registered Mutual Fund Distributor | ARN- 150869 |  Grievance Officer – Ms. Nirmita Shah | Mobile: +91 94270 49936 | nirmitashah15@gmail.com