How to choose a tax saving or ELSS mutual fund?
Avneet Kaur
- Updated Mar 9, 2021 1:53 PM IST
ELSS or tax saving mutual funds have been one of the most favoured tax saving options under Section 80C of the Income Tax Act due to the shortest lock-in period of three years. Along with tax saving, ELSS funds provide inflation-beating returns and help in wealth creation for your long-term goals. In the last one year ELSS funds on an average have given 30% returns. The best performer in the category has delivered 76% returns. Should you expect similar returns from tax saving mutual funds going ahead? Harish Bihani, Fund Manager, ELSS, ICICI Prudential AMC discusses. Listen in.
Also Read: NPS vs ELSS Funds: Which is a better tax-saving option?
