{"id":4691,"date":"2023-08-09T20:44:41","date_gmt":"2023-08-09T15:14:41","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=4691"},"modified":"2023-08-09T20:45:28","modified_gmt":"2023-08-09T15:15:28","slug":"how-to-invest-in-elss","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/","title":{"rendered":"ELSS Funds \u2013 How To Invest in ELSS Funds, Tax Benefit, and More"},"content":{"rendered":"\n<p>At the end of every financial year, most investors rush to find ways to save tax. One of the ways you can save Rs. 1,50,000 in tax is through ELSS <a href=\"https:\/\/www.tickertape.in\/blog\/mutual-funds\/\">mutual funds<\/a>. These tax-saving mutual funds offer dual benefits of wealth creation through <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> exposure and tax saving under Section 80C. To know more about <a href=\"https:\/\/www.tickertape.in\/blog\/information-on-tax-saving-mutual-funds\/\">ELSS funds<\/a> and how to <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> in ELSS funds, read on.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#What-are-ELSS-funds\" title=\"What are ELSS funds?\">What are ELSS funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#Types-of-ELSS-funds\" title=\"Types of ELSS funds\">Types of ELSS funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#How-to-invest-in-ELSS-funds\" title=\"How to invest in ELSS funds?\">How to invest in ELSS funds?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#List-of-ELSS-schemes-in-India\" title=\"List of ELSS schemes in India\">List of ELSS schemes in India<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#Advantages-of-investing-in-ELSS-fund\" title=\"Advantages of investing in ELSS fund\">Advantages of investing in ELSS fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-elss\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-are-ELSS-funds\"><\/span><strong>What are ELSS funds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ELSS (Equity-Linked Savings Scheme) funds, popular as tax-saving <a href=\"https:\/\/www.tickertape.in\/blog\/mutual-funds\/?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">mutual funds<\/a>, are professionally run funds that focus primarily on equity and equity-linked securities to generate returns for the investors. A 60-80% of its portfolio is invested in diversified equity and related securities, and the remaining may have exposure to fixed-income securities.<\/p>\n\n\n\n<p>ELSS funds are the only funds with tax deduction benefits that help investors to save on taxes under the Section 80C of the <a href=\"https:\/\/www.tickertape.in\/blog\/no-changes-in-income-tax\/\" target=\"_blank\" rel=\"noreferrer noopener\">Income Tax<\/a> Act, 1961. Among all Sec 80C investments used for tax savings, ELSS funds are the only investment with the least lock-in period of three years.&nbsp;<\/p>\n\n\n\n<p>Investors can gain from ELSS funds by investing a lump sum amount or invest via a Systematic Investment Plan (<a href=\"https:\/\/www.tickertape.in\/blog\/how-to-stop-sip\/?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">SIP<\/a>) that offers the additional benefit of cost averaging.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types-of-ELSS-funds\"><\/span><strong>Types of ELSS funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ELSS funds are classified into three categories:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.tickertape.in\/blog\/cash-dividend-vs-stock-dividend\/\">Dividend<\/a> payout funds or Income Distribution cum Capital Withdrawal (IDCW) plans where investors receive tax-free dividends. These funds invest primarily in companies having the potential to give <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-dividend\/\">dividend<\/a> payout consistently.<\/li><li>Dividend reinvestment funds or reinvestment of IDCW plans where returns or dividends are declared but instead of paying to investors, the dividends get reinvested as a new investment.&nbsp;<\/li><li>Growth Funds where the investor can realise the full value of the fund at the time of redemption.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-invest-in-ELSS-funds\"><\/span><strong>How to invest in ELSS funds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To invest in ELSS mutual funds,<\/p>\n\n\n\n<p><strong>Step #1<\/strong> &#8211; Open \u2018<a href=\"https:\/\/www.tickertape.in\/screener\/mutual-fund?utm_source=blog&amp;utm_medium=article\" data-type=\"URL\" data-id=\"https:\/\/www.tickertape.in\/screener\/mutual-fund?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape Mutual Fund Screener<\/a>\u2019<\/p>\n\n\n\n<p><strong>Step #2<\/strong> &#8211; Go to \u2018Category\u2019 and select \u2018Equity\u2019<\/p>\n\n\n\n<p><strong>Step #3<\/strong> &#8211; Under \u2018Equity\u2019 select \u2018Equity Linked Saving Schemes\u2019<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"List-of-ELSS-schemes-in-India\"><\/span><strong>List of ELSS schemes in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Name<\/strong><\/td><td><strong>AUM<\/strong><\/td><td><strong><a href=\"https:\/\/www.tickertape.in\/blog\/compound-annual-growth-rate\/\">CAGR<\/a> 3Y<\/strong><\/td><td><strong><a href=\"https:\/\/www.tickertape.in\/blog\/information-on-expense-ratio\/\">Expense Ratio<\/a><\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-micro-cap-tax-adv-fund-sr-vi-M_SULC?utm_source=blog&amp;utm_medium=article\">Sundaram LT Micro Cap Tax Adv Fund-Sr VI<\/a><\/td><td>35.41<\/td><td>45.92<\/td><td>1.16<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-micro-cap-tax-adv-fund-sr-iv-M_SUTC?utm_source=blog&amp;utm_medium=article\">Sundaram LT Micro Cap Tax Adv Fund-Sr IV<\/a><\/td><td>36.05<\/td><td>45.24<\/td><td>1.32<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-micro-cap-tax-adv-fund-sr-v-M_SULU?utm_source=blog&amp;utm_medium=article\">Sundaram LT Micro Cap Tax Adv Fund-Sr V<\/a><\/td><td>30.19<\/td><td>44.60<\/td><td>1.19<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-tax-adv-fund-sr-iii-M_SULT?utm_source=blog&amp;utm_medium=article\">Sundaram LT Tax Adv Fund-Sr III<\/a><\/td><td>31.93<\/td><td>44.50<\/td><td>1.18<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-micro-cap-tax-adv-fund-sr-iii-M_SUTU?utm_source=blog&amp;utm_medium=article\">Sundaram LT Micro Cap Tax Adv Fund-Sr III<\/a><\/td><td>72.49<\/td><td>44.49<\/td><td>1.24<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-tax-adv-fund-sr-iv-M_SULA?utm_source=blog&amp;utm_medium=article\">Sundaram LT Tax Adv Fund-Sr IV<\/a><\/td><td>21.12<\/td><td>44.42<\/td><td>1.18<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/quant-tax-plan-M_QUTA?utm_source=blog&amp;utm_medium=article\">Quant Tax Plan<\/a><\/td><td>4,049.39<\/td><td>37.82<\/td><td>0.57<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-iv-M_SBLU?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-IV<\/a><\/td><td>182.23<\/td><td>36.40<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/bandhan-tax-advtelss-fund-M_IDTX?utm_source=blog&amp;utm_medium=article\">Bandhan Tax Advt(ELSS) Fund<\/a><\/td><td>4,776.49<\/td><td>32.98<\/td><td>0.73<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-tax-advantage-fund-iii-M_SBUT?utm_source=blog&amp;utm_medium=article\">SBI Tax Advantage Fund-III<\/a><\/td><td>32.37<\/td><td>32.74<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-iii-M_SBTA?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-III<\/a><\/td><td>60.54<\/td><td>31.99<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-i-M_SBNL?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-I<\/a><\/td><td>39.93<\/td><td>31.53<\/td><td>2.65<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-ii-M_SBTE?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-II<\/a><\/td><td>34.14<\/td><td>30.55<\/td><td>2.65<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-vi-M_SBLT?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-VI<\/a><\/td><td>235.73<\/td><td>30.14<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/franklin-india-taxshield-M_FRIX?utm_source=blog&amp;utm_medium=article\">Franklin India Taxshield<\/a><\/td><td>5,028.51<\/td><td>28.69<\/td><td>0.85<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/nippon-india-tax-saver-elss-fund-M_NITC?utm_source=blog&amp;utm_medium=article\">Nippon India Tax Saver (ELSS) Fund<\/a><\/td><td>12,634.38<\/td><td>27.90<\/td><td>1.05<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/mahindra-manulife-elss-fund-M_MADB?utm_source=blog&amp;utm_medium=article\">Mahindra Manulife ELSS Fund<\/a><\/td><td>649.21<\/td><td>27.64<\/td><td>0.68<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/hdfc-taxsaver-M_HDCTA?utm_source=blog&amp;utm_medium=article\">HDFC TaxSaver<\/a><\/td><td>10,930.27<\/td><td>27.56<\/td><td>1.16<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-long-term-equity-fund-M_SBLO?utm_source=blog&amp;utm_medium=article\">SBI Long Term Equity Fund<\/a><\/td><td>14,429.84<\/td><td>27.08<\/td><td>1.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/icici-pru-lt-wealth-enhancement-fund-M_ICLA?utm_source=blog&amp;utm_medium=article\">ICICI Pru LT Wealth Enhancement Fund<\/a><\/td><td>34.54<\/td><td>26.95<\/td><td>0.97<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/bank-of-india-tax-advantage-fund-M_BOTA?utm_source=blog&amp;utm_medium=article\">Bank of India Tax Advantage Fund<\/a><\/td><td>791.83<\/td><td>26.81<\/td><td>1.26<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/pgim-india-elss-tax-saver-fund-M_PGAU?utm_source=blog&amp;utm_medium=article\">PGIM India ELSS Tax Saver Fund<\/a><\/td><td>557.14<\/td><td>26.68<\/td><td>0.89<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/jm-tax-gain-fund-M_JMTA?utm_source=blog&amp;utm_medium=article\">JM Tax Gain Fund<\/a><\/td><td>87.30<\/td><td>26.66<\/td><td>1.42<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/dsp-tax-saver-fund-M_DSXT?utm_source=blog&amp;utm_medium=article\">DSP Tax Saver Fund<\/a><\/td><td>11,302.96<\/td><td>26.56<\/td><td>0.77<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/kotak-tax-saver-fund-M_KOTX?utm_source=blog&amp;utm_medium=article\">Kotak Tax Saver Fund<\/a><\/td><td>3,855.26<\/td><td>26.49<\/td><td>0.59<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/mirae-asset-tax-saver-fund-M_MIAX?utm_source=blog&amp;utm_medium=article\">Mirae Asset Tax Saver Fund<\/a><\/td><td>16,633.98<\/td><td>26.43<\/td><td>0.56<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/bank-of-india-midcap-tax-fund-sr-1-M_BOAM?utm_source=blog&amp;utm_medium=article\">Bank of India Midcap Tax Fund-Sr 1<\/a><\/td><td>55.53<\/td><td>25.86<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/parag-parikh-tax-saver-fund-M_PARA?utm_source=blog&amp;utm_medium=article\">Parag Parikh Tax Saver Fund<\/a><\/td><td>1,849.01<\/td><td>25.65<\/td><td>0.78<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/motilal-oswal-long-term-equity-fund-M_MOIP?utm_source=blog&amp;utm_medium=article\">Motilal Oswal Long Term Equity Fund<\/a><\/td><td>2,499.96<\/td><td>25.57<\/td><td>0.72<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/bank-of-india-midcap-tax-fund-sr-2-M_BOIT?utm_source=blog&amp;utm_medium=article\">Bank of India Midcap Tax Fund-Sr 2<\/a><\/td><td>29.04<\/td><td>25.28<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/tata-india-tax-savings-fund-M_TAAX?utm_source=blog&amp;utm_medium=article\">Tata India Tax Savings Fund<\/a><\/td><td>3,557.10<\/td><td>24.99<\/td><td>0.76<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/union-tax-saver-elss-fund-M_UNLG?utm_source=blog&amp;utm_medium=article\">Union Tax Saver (ELSS) Fund<\/a><\/td><td>663.37<\/td><td>24.89<\/td><td>1.51<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-tax-savings-fund-M_PRLT?utm_source=blog&amp;utm_medium=article\">Sundaram Tax Savings Fund<\/a><\/td><td>1,051.22<\/td><td>24.86<\/td><td>1.77<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/icici-pru-lt-equity-fund-tax-saving-M_ICQX?utm_source=blog&amp;utm_medium=article\">ICICI Pru LT Equity Fund (Tax Saving)<\/a><\/td><td>10,962.53<\/td><td>24.56<\/td><td>1.16<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/canara-rob-equity-tax-saver-fund-M_CAAX?utm_source=blog&amp;utm_medium=article\">Canara Rob Equity Tax Saver Fund<\/a><\/td><td>5,749.92<\/td><td>24.26<\/td><td>0.56<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-diversified-equity-M_SUVY?utm_source=blog&amp;utm_medium=article\">Sundaram Diversified Equity<\/a><\/td><td>1,682.51<\/td><td>24.11<\/td><td>1.57<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/quantum-tax-saving-fund-M_QUTS?utm_source=blog&amp;utm_medium=article\">Quantum Tax Saving Fund<\/a><\/td><td>137.90<\/td><td>24.08<\/td><td>1.29<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-tax-adv-fund-sr-i-M_SUXL?utm_source=blog&amp;utm_medium=article\">Sundaram LT Tax Adv Fund-Sr I<\/a><\/td><td>18.06<\/td><td>23.76<\/td><td>1.37<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sundaram-lt-tax-adv-fund-sr-ii-M_SUXA?utm_source=blog&amp;utm_medium=article\">Sundaram LT Tax Adv Fund-Sr II<\/a><\/td><td>11.49<\/td><td>23.26<\/td><td>1.17<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/edelweiss-long-term-equity-fund-tax-savings-M_EDWX?utm_source=blog&amp;utm_medium=article\">Edelweiss Long Term Equity Fund (Tax Savings)<\/a><\/td><td>258.15<\/td><td>23.15<\/td><td>0.69<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/hsbc-tax-saver-equity-fund-M_HSTX?utm_source=blog&amp;utm_medium=article\">HSBC Tax Saver Equity Fund<\/a><\/td><td>190.69<\/td><td>23.08<\/td><td>1.30<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/sbi-lt-advantage-fund-v-M_SBLN?utm_source=blog&amp;utm_medium=article\">SBI LT Advantage Fund-V<\/a><\/td><td>296.81<\/td><td>22.73<\/td><td>0.00<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/uti-lt-equity-fund-tax-saving-M_UTUX?utm_source=blog&amp;utm_medium=article\">UTI LT Equity Fund (Tax Saving)<\/a><\/td><td>3,125.83<\/td><td>22.58<\/td><td>0.96<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/navi-elss-tax-saver-fund-M_ESEV?utm_source=blog&amp;utm_medium=article\">Navi ELSS Tax Saver Fund<\/a><\/td><td>60.05<\/td><td>22.07<\/td><td>0.40<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/lic-mf-elss-M_LIMX?utm_source=blog&amp;utm_medium=article\">LIC MF ELSS<\/a><\/td><td>952.32<\/td><td>22.02<\/td><td>1.47<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/hsbc-elss-fund-M_LTTV?utm_source=blog&amp;utm_medium=article\">HSBC ELSS Fund<\/a><\/td><td>3,300.39<\/td><td>21.45<\/td><td>1.11<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/invesco-india-tax-plan-M_INTN?utm_source=blog&amp;utm_medium=article\">Invesco India Tax Plan<\/a><\/td><td>2,102.52<\/td><td>21.10<\/td><td>0.90<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/iti-long-term-equity-fund-M_ITIY?utm_source=blog&amp;utm_medium=article\">ITI Long Term Equity Fund<\/a><\/td><td>188.45<\/td><td>20.48<\/td><td>0.50<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/taurus-tax-shield-fund-M_TASH?utm_source=blog&amp;utm_medium=article\">Taurus Tax Shield Fund<\/a><\/td><td>64.19<\/td><td>20.14<\/td><td>1.78<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/groww-elss-tax-saver-fund-M_INIX?utm_source=blog&amp;utm_medium=article\">Groww ELSS Tax Saver Fund<\/a><\/td><td>38.12<\/td><td>19.39<\/td><td>0.85<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/baroda-bnp-paribas-elss-fund-M_BNSM?utm_source=blog&amp;utm_medium=article\">Baroda BNP Paribas ELSS Fund<\/a><\/td><td>728.08<\/td><td>19.28<\/td><td>1.14<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/axis-long-term-equity-fund-M_AXLO?utm_source=blog&amp;utm_medium=article\">Axis Long Term Equity Fund<\/a><\/td><td>32,325.06<\/td><td>16.95<\/td><td>0.76<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/shriram-long-term-equity-fund-M_SHRG?utm_source=blog&amp;utm_medium=article\">Shriram Long Term Equity Fund<\/a><\/td><td>39.90<\/td><td>16.92<\/td><td>0.80<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/aditya-birla-sl-elss-tax-relief-96-M_ADX6?utm_source=blog&amp;utm_medium=article\">Aditya Birla SL ELSS Tax Relief 96<\/a><\/td><td>13,991.75<\/td><td>13.68<\/td><td>0.92<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/woc-tax-saver-fund-M_WOCS?utm_source=blog&amp;utm_medium=article\">WOC Tax Saver Fund<\/a><\/td><td>72.65<\/td><td>0.00<\/td><td>0.64<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/samco-elss-tax-saver-fund-M_SAML?utm_source=blog&amp;utm_medium=article\">Samco ELSS Tax Saver Fund<\/a><\/td><td>53.42<\/td><td>0.00<\/td><td>0.89<\/td><\/tr><tr><td>360 ONE ELSS Nifty 50 Tax Saver <a href=\"https:\/\/www.tickertape.in\/blog\/stock-market-index\/\">Index<\/a> Fund<\/td><td>42.15<\/td><td>0.00<\/td><td>0.27<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/navi-elss-tax-saver-nifty-50-index-fund-M_NAVE?utm_source=blog&amp;utm_medium=article\">Navi ELSS Tax Saver Nifty 50 Index Fund<\/a><\/td><td>12.06<\/td><td>0.00<\/td><td>0.11<\/td><\/tr><tr><td><a href=\"https:\/\/www.tickertape.in\/mutualfunds\/nj-elss-tax-saver-scheme-M_NJES?utm_source=blog&amp;utm_medium=article\">NJ ELSS Tax Saver Scheme<\/a><\/td><td>103.48<\/td><td>0.00<\/td><td>0.61<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Among the list of 59 listed ELSS schemes, pick the one that suits your financial needs and invest through your broking account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages-of-investing-in-ELSS-fund\"><\/span><strong>Advantages of investing in ELSS fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.tickertape.in\/blog\/information-on-tax-saving-mutual-funds\/?utm_source=blog&amp;utm_medium=article\">ELSS<\/a> funds are one of the most preferred investments among all Section 80C investments because of the following advantages:&nbsp;<\/p>\n\n\n\n<ul><li>Tax benefit &#8211; ELSS funds are the only tax-saving funds with the potential of providing inflation-beating returns as it invests in equity and equity-related securities.<\/li><li>Wealth creation &#8211; It offers dual advantages of tax deductions and exemption besides wealth creation.<\/li><li>Long-term investment: It is suitable for an investor with a long-term investment horizon as well as short-term as it is a fund with a lock-in period of just three years.<\/li><li>No entry or exit load &#8211; The investment does not involve entry and exit loads.&nbsp;<\/li><li>Minimum investment required &#8211; Investors need not accumulate funds to start investing in an ELSS fund. Start investing with a small amount, as low as Rs. 500 in some funds. The minimum amount for investing varies from fund to fund.<\/li><li>Dedicated fund managers &#8211; Superior fund management is a part of the ELSS world where fund managers perform thorough research for long-term strategic decisions in addition to analyzing market-wide trends to provide higher actual returns than expected by investors.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ELSS funds are a popular tax-saving tool aimed at maximising capital appreciation over the long term through investment in equity and equity-related securities. ELSS funds offer the dual benefit of tax saving up to Rs. 1.5 lakh under Section 80C of the <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-income-tax\/\">Income Tax<\/a> Act, as well as provide exposure to the equity market to generate potentially higher returns than other tax saving instruments. ELSS funds have the shortest lock-in period of 3 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interested in investing in equity linked savings scheme (ELSS) funds? Click here to get information on meaning, types of ELSS &#038; find out how you can save tax using ELSS schemes!<\/p>\n","protected":false},"author":54,"featured_media":4669,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[8,1750],"tags":[791],"acf":[],"modified_by":"Harshit Singh","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/09\/9.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4691"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=4691"}],"version-history":[{"count":5,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4691\/revisions"}],"predecessor-version":[{"id":13673,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4691\/revisions\/13673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/4669"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=4691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=4691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=4691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}