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It's time you thought about tax-saving investments; ELSS can be one option

Among tax-saving investments, they have the lowest lock-in period of three years only

Business Standard 

About four-and-a-half months are left for the financial year to end. If you have not made tax-saving investments yet, it is time to think about them, instead of leaving matters for the last moment. One option you should definitely consider is equity-linked saving schemes (ELSS) or tax-saver funds.

Section 80C deduction is available on them up to Rs 1.5 lakh. Among tax-saving investments, they have the lowest lock-in period of three years only. And since they invest in equities, they have the potential to give even double-digit returns. As with all equity products, invest in ...

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First Published: Wed, November 20 2019. 23:22 IST
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