The lowest duration lock-in Period to get Tax benefit 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 80

CA Deepak Gupta

Dec 10, 2018

Last update on Dec 10, 2018

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]

About Author

CA Deepak Gupta

Co Founder

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.