Yes, ELSS funds are safe as they invest in stocks diversified across company size, sector, and themes. ELSS funds have a 3-year lock-in period and offer tax exemption under Section 80C.
Investors seeking tax benefits and returns from a professionally managed fund investing in diversified stocks of companies should consider ELSS funds. They are suitable for investors with high risk appetite and a long time horizon.
There is a lock-in period of 3 years from the date of subscription in ELSS funds. You can withdraw money after the lock-in period.
Yes, ELSS funds are ideal for long-term investors as the lock-in period allows sufficient time for the stocks to grow and deliver returns.
You can start investing in ELSS funds with an amount as low as Rs. 100.
