Tax Saving Mutual Funds Schemes

Tax saver funds are Equity Linked Saving Schemes (ELSS) that invest in equity and equity related instruments, and provide benefits of tax savings. Investing in ELSS qualifies for a tax deduction of up to ₹1.5 lakhs under section 80c of IT Act 1961. These schemes have a lock-in period of three years from the date of units allotment.