Introduction
Taxation on mutual funds directly impacts your net returns. As an investor in India, understanding the tax rules for short-term and long-term capital gains is crucial to effective financial planning.
ELSS (Equity Linked Savings Scheme) Tax Benefits
ELSS funds are equity funds that offer a tax deduction under Section 80C up to ₹1.5 lakh per year. They come with a mandatory 3-year lock-in period, which is the shortest among all tax-saving investments in India (PPF, NSC, NPS).