What is the difference between ELSS and non-ELSS equity mutual funds, in terms of portfolio allocations? Why are ELSS MFs eligible for a tax benefit and the others aren’t? How much difference does it make, from an investor’s perspective?
An Equity Linked Savings Fund (ELSS) gives you an income tax benefit because there is a lock in of three years. The lock in means… Read More »What is the difference between ELSS and non-ELSS equity mutual funds, in terms of portfolio allocations? Why are ELSS MFs eligible for a tax benefit and the others aren’t? How much difference does it make, from an investor’s perspective?