Equity Linked Saving Scheme or ELSS, a type of mutual fund, has emerged as one of the most popular investment avenues for tax savings. The investments made in ELSS are eligible for tax benefits under section 80C of the Income Tax Act. One can claim deductions of as much as Rs 1.5 lakh through contributions to the ELSS Funds.
In addition to this, there are other benefits too which makes it an ideal investment choice, say experts.
In this episode of Mutual Fund Corner, CNBC-TV18’s Sumaira Abidi spoke to Harshvardhan Roongta of Roongta Securities and Gaurav Gupta of G-cube Investments to answer some mutual fund related queries.
They answered queries related to finding the best investment options in ELSS schemes and Environmental, Social and Governance (ESG) investing.
ESG funds are portfolios of equities and/or bonds for which environmental, social and governance factors have been integrated into the investment process.
Watch this video for more.