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Best ELSS funds are equity oriented mutual funds which allow an investor to save taxes under section 80C of the IT Act. The following are the Top 10 Best ELSS Mutual Funds in 2021.
Equity Linked Saving Schemes (ELSS), popularly known as tax saving mutual funds, are equity-oriented mutual funds. As per the SEBI regulations, ELSS funds have to invest at least 80% of their corpus in equity or equity related instruments.
These funds come with a lock in period of 3 years and qualify for tax deduction under Section 80C. Investments in ELSS of up to Rs 1.5 lakh per financial year can be claimed as tax deduction under this Section.
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