LOOKING AT THE MOTIVES TO INVEST IN ELSS FUNDS
INTRODUCTION Among mutual funds, elss funds have become popular among investors looking for both wealth growth and tax advantages within the larger mutual fund category. ELSS funds mainly focus on stocks and related instruments, providing a joint investment strategy. These funds are appealing because they offer the possibility for effective long-term growth along with tax advantages under Section 80C of the Income Tax Act. ELSS funds offer investors a dual advantage of developing wealth and saving on taxes, which sets them apart from conventional tax-saving options, making them a smart choice for those with a long-term financial outlook. Implicit for…