Mutual Fund

How do save Tax by Investing in Mutual Funds?

Under Section 80C of the Income Tax Act, 1961, mutual funds—also known as Equity Linked Savings Schemes (ELSS)—are excellent tools for reducing one’s taxable income. If you invest your money in certain types of investments, this section enables you to deduct certain expenses from your taxable income.

What is Mutual Fund

A Mutual Fund is a venture strategy that gathers cash from individuals and puts those finances in different resources. The cash gathered from different investors is normally put resources into monetary protections like offers and currency market instruments like endorsement of store and securities.