Equity Linked Savings schemes (ELSS): Income Tax benefit under Section 80C
Features of ELSS:
  • Tax Benefit: Investment up to Rs 100,000 is eligible for exemption under Section 80C of Income Tax Act, 1961.
  • Lower lock-in-period: Lower lock-in period of three years compared to the other tax saving avenues.
  • Superior return: Investments in equity over a long term have historically delivered better returns.
  • SIP: Investors can opt for a systematic investment plan and keep on investing small amounts periodically.
Sharekhan's Top ELSS Picks:
Scheme Name Rating
Stars		 Returns % Invest Now Know More
Compounded Annualised Since
Inception
3 Years 5 Years
Fidelity Tax Advantage Fund - Growth 5 29.2 9.8 12.8 APPLY Know More
Franklin India Taxshield - Growth 5 28.8 9.3 26.5 APPLY Know More
Religare Tax Plan - Growth 5 28.4 10.4 10.4 APPLY Know More
Tata Tax Advantage Fund - 1 4 26.6 8.4 7.7 APPLY Know More
BNP Paribas Tax Advantage Plan - Growth 4 23.2 -0.3 5.3 APPLY Know More

For all ELSS funds currently available, please click here.

* Data as on December 31, 2011.
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