BW Businessworld brings you Mutual Fund Corner where we will take a close look on what ELSS funds are and how can we save tax from them. In simple, ELSS funds are tax saving equity mutual funds that allows you to save income tax upto 1.5 lakh rupees under section 80C. It has the lowest lock in period and whatever returns you earn are tax free. Since ELSS funds are equity oriented they are likely to give you better returns than other tax saving instruments.
