This is a perfect section for you if you are interested in enhancing your knowledge about Financial Matters. A few tips and tricks about Investing, Shares, Mutual Funds and Money Saving Schemes.
ImageEquity-Linked Savings Schemes

Ready to take on more risks to earn a higher return while also saving on tax? Then ELSS is a must for you.

The minimum investment amount here is Rs. 500 and has a lock-in period of 3 years.

However, it is important to note that if you try to withdraw your investment after three years, you may not get your original amount back, since these funds are purely market-linked and their fortunes are linked to the performance of the markets.

Other tax savings instruments

Do you have a home loan? Are you paying your children's fees? If yes, then the principal repayment of your home loan and your children's fees do help you save tax.
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