What’s the advantage of investing in ELSS?
Equity Linked Saving Schemes (ELSS) offer tax rebates to the investor under section 88 of the Income Tax law. These schemes generally diversify the equity risk by investing in a wider array of stocks across sectors. ELSS is usually considered a variant of diversified equity scheme but with a tax friendly offer. Typically returns for such schemes have been found to be between 15-20%.
