The equity-linked savings scheme (ELSS) were the best performers among all the categories as 70 per cent of the schemes managed to outperform the S&P BSE 200, the study shows
An ELSS fund is an equity-oriented scheme with a mandatory lock-in period of three years. In recent years, many taxpayers have turned to ELSS schemes to avail of tax benefits.
Equity-Linked Savings Scheme (ELSS) is an equity mutual fund investment that invests at least 80 per cent of its assets in equity and equity-related instruments.
Does sticky core inflation mean more rate hikes by RBI? Will a warm winter affect Indian farm output? Is it time to pick fixed-income securities? What is ELSS? Listen to this podcast to know