Mutual Fund

HRIM 1
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Sir, For Mutual funds to be eligible for tax deductions, are there any special conditions like, it should have a locking period of 3 yrs?

Thanks,

tax-saving-mutual-funds mutual-funds section-80c tax-deduction
1 Answers

There are special mutual funds available for tax saving u/s 80C called as ELSS (Equity Linked Savings Scheme). These have three years lock-in and one cannot redeem units before this period is over.

Pankaj Batra5212
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