ELSS
A mutual fund investment pools money from many investors and attempts to reward them with profit. This profit is generated through investments in companies and income-generating opportunities. The profits earned by the fund scheme are distributed amongst the investors in the form of regular payouts or a large one-time payment at the end of the fund’s tenure. Tax saving mutual funds like ELSS do the same thing, but also give enable you to obtain exemption of up to Rs.1,50,000 of your annual income from tax in India. Investments that can provide the highest yield are equity investments - but these are considered to be high-risk. Lower-risk investments in debt instruments also exist, but they cannot match the high returns provided by equity investing. Mutual funds differ primarily based on the type of asset class. There are three primary types of mutual funds on this basis: Equity-oriented funds - which invest primarily in stocks and shares of companies. Debt-oriented funds