How Tax Saving Mutual Funds Help You Save Taxes

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  1. Tax saving mutual funds, also known as ELSS (Equity Linked Savings Scheme), offer investors a dual benefit—wealth creation and tax deduction under Section 80C of the Income Tax Act. These funds invest primarily in equities, making them ideal for long-term growth. With a lock-in period of just 3 years, they provide an opportunity to save taxes while enjoying potential capital appreciation. Learn how tax saving mutual funds can help you achieve your financial goals and reduce your tax liabilities, all while diversifying your investment portfolio.
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