Lowest duration Lock-in period (ELSS) U/S 80C

Lowest duration Lock-in period (ELSS) U/S 80C The lowest duration lock-in Period to get Tax benefit u/s 80C There are various Investment avenues to invest & to get tax benefit u/s 80C. Generally all of these come with a duration of 5 years or more. The Investment in tax savings mutual fund schemes (Equity Linked Saving Schemes or ELSSs) are having low duration lock-in period and tax deductions can be claimed of up to Rs 1.5 lakh under Section 80C. These schemes come with a mandatory lock-in period of three years. However, we should invest in them with an investment horizon of at least five years. They invest mostly in stocks and have the potential to offer superior returns than other investment options available under Section 80C. Author is an MBA Professional & having deep knowledge of Mutual Funds. For getting advise on best ELSS Fund please write to [email protected]