ekarupads1
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An ELSS is a diversified equity mutual fund which has a most of the staple lended in equities. As an equity fund, recovery from an ELSS fund reflects arrivals from the equity markets. This brand mutual fund has a block off period of 3 years from the date of investment.
Key points to remember:
3 years block off period and tax interest affixed.
There are three types of opportunities in ELSS, dividend option growth option and dividend reinvestment option.
Tax interests on investment in ELSS may directly be phased out with the introduction of direct tax code.
page-3
An ELSS is a diversified equity mutual fund which has a most of the staple lended in equities. As an equity fund, recovery from an ELSS fund reflects arrivals from the equity markets. This brand mutual fund has a block off period of 3 years from the date of investment.
Key points to remember:
3 years block off period and tax interest affixed.
There are three types of opportunities in ELSS, dividend option growth option and dividend reinvestment option.
Tax interests on investment in ELSS may directly be phased out with the introduction of direct tax code.