What is ELSS and what are its advantages

What is ELSS and what are its advantages Vinod is a young professional with almost zero investments but his recent paycheck showed a huge TDS deduction so he was compelled to think about investing his elder brother hushed a seasoned investor with Angel One recommended ELSS harsh explained ELSS for equity-linked savings scheme is a diversified equity mutual fund which offers tax benefits under Section 8 TC compared to other tax saving investment alternatives ELSS has the shortest lock-in period of 3 years where investors get tax-free returns and also benefit from capital appreciation by investing in ELSS you will be eligible for tax exemption up to 1.5 lakh rupees every year what’s more you can grow your money through ELSS by taking advantage of equity investing which has delivered the best returns compared to other asset classes over a longer period of time knowing all these advantages Vinod is now ready to save tax by investing in ELSS through Angel One.