How-to ELSS fund selection

How to select an ELSS (tax-saver) mutual fund

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ELSS fund selection combines 80C tax saving with equity exposure. Lock-in (3 years) is the shortest among 80C options. Tax benefit aside, treat as regular equity fund: hold beyond lock-in if performance is sound.

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Market-risk disclaimer. Mutual fund investments are subject to market risks. Past performance is not indicative of future returns. ELSS drawdowns of 30-40% are normal.

CA-consultation disclaimer. Old vs new regime choice depends on full income profile. Consult a Chartered Accountant.

Step-by-step procedure

See the procedure infobox above for the eight steps.

See also

External references

References

  1. SEBI (Mutual Funds) Regulations, 1996.
  2. Income Tax Act, 1961, Sections 80C, 112A.
  3. SEBI Categorisation Circular, October 2017.
  4. Finance Act, 2024.
  5. AMFI Best Practice Guidelines.

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