While we all work hard to make a living, engaging in sensible tax planning is equally important.

For tax-saving purposes, there are a variety of investment avenues. Among them are tax-saving mutual funds or equity-linked savings schemes (ELSS).

Tax saving mutual funds or ELSS are categorised as open-ended equity schemes that invest a minimum of 80% of their total assets in equity and equity-related instruments as per the equity-linked savings scheme, 2005.

The investment objective of a tax saving mutual fund is, broadly, to achieve long-term capital appreciation or growth.

And in this endeavour, these funds or ELSS invest across market largecaps, midcaps, and smallcaps, as well as across sectors.

A fund may pursue a value style or growth style of investing or even a mix of bot

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