A HISTORICAL REVIEW OF EQUITY LINKED SAVING SCHEMES

Dr. Surbhi Srivastava

Abstract


Equity Linked Saving Schemes are popular tax saving investment options available for deductions under the Income Tax Act 1961. ELSS allocates more than 80% of the corpus in equity and equity oriented instruments. It invests in sustainable, high quality stocks with consistent growth potential and looks beyond short- term fluctuations. High returns and shortest lock in period are the prime attractions of these schemes. Association of Mutual Fund of India (AMFI) is promoting Mutual Funds awareness programme and are also quite satisfied with the overall growth of Mutual funds. In this situation it will be interesting to look into the past and perform a renowned review of Equity Linked Saving Schemes.


Keywords


ELSS, Union Budgets, Deductions, Exemptions, Taxation

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References


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