Prerequisites to Invest in ELSS Fund

For seasoned as well as rookie investors, having a defined financial objective helps frame an ideal investment strategy. An investor’s financial goal, their appetite for risk and investment time horizon should always align with their overall investment portfolio. Irrespective of which policy an investor chooses, his/her portfolio will always consist of at least one tax saving instrument. That’s because no one wants to increase their expenditure by paying taxes.

One scheme which comes under Section 80C is ELSS. Under Section 80C of Income Tax Act 1961,an individual can invest up to 1.5 lakh rupees and claim tax benefit of up to Rs. 46,800* with ELSS

let us introduce you to Axis Long Term Equity Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) So if you want to save tax while aiming to build wealth, invest in Axis Long Term Equity Fund now.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.