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Wednesday, 31 January 2007 |
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Equity linked saving schemes Or ELSS is a diversified mutual fund with tax benefit. If you invest in Equity linked savings scheme you get a tax rebate up to 1,00,000/- (One Lakh rupees) under section 80L The returns of ELSS are currently one of the best. In the three years, ELSS has generated an average of 40% annualized basis that means if you had invested Rs. 10,000 3 years back it would have grown to around Rs. 27,000 in three years |
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Last Updated ( Monday, 05 March 2007 )
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