{"id":1921,"date":"2024-04-25T08:47:04","date_gmt":"2024-04-25T08:47:04","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1921"},"modified":"2026-03-02T19:22:18","modified_gmt":"2026-03-02T19:22:18","slug":"how-is-elss-beneficial-how-is-it-different-from-a-mutual-fund","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/25\/how-is-elss-beneficial-how-is-it-different-from-a-mutual-fund\/","title":{"rendered":"How is ELSS beneficial? How is it different from a mutual fund?"},"content":{"rendered":"\n<p>Equity Linked Savings Funds (<a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/elss\">ELSS<\/a>) are a type of mutual funds that offer income tax saving benefit. The amount invested (max Rs 1,50,000) is reduced from taxable income. This means a saving in tax of about Rs 46,000 for someone in the highest tax bracket. There is a 3 year lock-in as per government rules.<\/p>\n\n\n\n<p>By investing in direct plans of ELSS funds you get an extra saving of about Rs 7000 reduced as commission are removed.<\/p>\n\n\n<!-- mw-cta-block -->\n\n<div class=\"mw-cta-block\" style=\"background:#EEF3FC;border-left:5px solid #1C52A0;padding:22px 26px 20px;margin:36px 0 24px;border-radius:0 10px 10px 0;\">\n  <p style=\"margin:0 0 4px;font-size:11px;font-weight:700;color:#276FC4;letter-spacing:1px;text-transform:uppercase;\">Maxiom Wealth \u2014 Free Tool<\/p>\n  <h3 style=\"margin:0 0 10px;font-size:19px;font-weight:700;color:#113E81;line-height:1.3;\">Maximise Your \u20b91.5 Lakh 80C Tax Saving<\/h3>\n  <p style=\"margin:0 0 18px;color:#444;font-size:15px;line-height:1.65;\">ELSS is the only 80C option that also builds long-term wealth \u2014 with the shortest lock-in (3 years) and equity-level returns. See your tax saving and projected corpus with our ELSS calculator.<\/p>\n  <a href=\"https:\/\/maxiomwealth.com\/resources\/calculators\/elss\" style=\"display:inline-block;background:#1C52A0;color:#fff!important;padding:11px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin:0 10px 8px 0;\">Calculate ELSS Returns \u2192<\/a>\n  <a href=\"https:\/\/maxiomwealth.com\/meeting\" style=\"display:inline-block;border:2px solid #1C52A0;color:#1C52A0!important;padding:9px 22px;border-radius:6px;text-decoration:none;font-weight:600;font-size:14px;margin-bottom:8px;\">Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Equity Linked Savings Funds (ELSS) are a type of mutual funds that offer income tax saving benefit. The amount invested (max Rs 1,50,000) is reduced from taxable income. This means a saving in tax of about Rs 46,000 for someone in the highest tax bracket. There is a 3 year lock-in as per government rules.&hellip;&nbsp;<a href=\"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/25\/how-is-elss-beneficial-how-is-it-different-from-a-mutual-fund\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How is ELSS beneficial? How is it different from a mutual fund?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211,38],"tags":[],"class_list":["post-1921","post","type-post","status-publish","format-standard","hentry","category-mf-and-elss","category-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1921"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1921\/revisions"}],"predecessor-version":[{"id":3272,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1921\/revisions\/3272"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}