ELSS benefits

Motilal Oswal ELSS Tax Saver Fund Motilal Oswal ELSS Fund has given a 29.31 per cent annualised return in 5 years. Its assets under management (AUM) are Rs 4,360 crore, while its net asset value (NAV) is Rs 61.13. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 18.81 per cent since…

As the name suggests, ELSS (Equity Linked Savings Scheme) mainly invests in equity. Most ELSS funds invest in a diversified manner, ranging from small cap to large cap and across various sectors. One can invest in ELSS schemes to avail of tax benefits. While there is no upper limit on the amount that can be…