What are the tax benefits of investing in mutual funds?
An example of an AI chatbot conversation about tax benefits of mutual funds.
What are the tax benefits of investing in mutual funds?
Investing in mutual funds can offer several tax benefits, such as deductions under Section 80C and long-term capital gains tax exemptions.
Can you explain Section 80C and how it applies to mutual funds?
Section 80C allows you to claim deductions up to ₹1.5 lakh on investments in specified financial instruments, including ELSS mutual funds.
What is ELSS?
ELSS stands for Equity Linked Savings Scheme, a type of mutual fund that invests primarily in equities and offers tax benefits.
Are there any risks associated with investing in mutual funds?
Yes, mutual funds carry market risks, and the value of your investment can fluctuate based on market conditions.
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