Mutual funds are an ideal investment vehicle for fulfilling most of your financial goals in life. Financial Goals can be Tax Saving, Wealth Creation, Retirement Planning, Children’s Education, etc.
Mutual funds are an ideal investment vehicle for fulfilling most of your financial goals in life. Financial Goals can be Tax Saving, Wealth Creation, Retirement Planning, Children’s Education, etc. For investors having a financial goal of saving taxes, AMCs in India offer mutual fund schemes known as Equity Linked Savings schemes (ELSS). ELSS schemes are also called tax saving mutual funds, as investments made by individuals and HUFs in these schemes are eligible for tax deductions under the Section 80C of Income Tax Act.
