Equity Linked Saving Schemes (ELSS) or tax planning mutual fund schemes are ideal to save taxes up to Rs 1.5 lakh under Section 80C. Provided you have a higher risk tolerance and an investment horizon of five to seven years.
ELSS as Best tax-saving option because of shortest mandatory lock-in period of three years.
Recommended funds in this Portfolio
*Estimation is based on historical return of the funds and done to facilitate informed decision making for investors. Actual results may vary. Mutual Fund investments are subject to market risk. Please read the respective offer documents carefully before investing.