Equity Linked Savings Scheme
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The interest earned in this scheme is based on the market
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Fund managers give us returns by investing money in different place
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You can also save along with investing in it.
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Average returns range from 15 to 20 percent
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The locking period of ELSS is 3 years
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The tax benefits in this depend on the tax slab.
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You can get tax rebate on investment up to 1.5 lakh under ELSS section 80c
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There are two ways SIP can invest in LUMPSUM
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