Should I invest in NFO for tax break? | Value Research You can invest in an existing Equity Linked Savings Scheme of Franklin and Axis mutual funds to claim deduction under Section 80C
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Should I invest in NFO for tax break?

You can invest in an existing Equity Linked Savings Scheme of Franklin and Axis mutual funds to claim deduction under Section 80C

Will I be entitled to Deduction u/s 80C if I Invest in an existing ELSS from mutual funds like Frankin/Axis. Or do I have to subscribe in a New Fund Offer of ELSS to claim the deduction? Also, will my investments be blocked for three or five years?
- Dilip Wagh

You can invest in an existing Equity Linked Savings Scheme of Franklin and Axis mutual funds to claim deduction under Section 80C of IT Act,1961. ELSS funds have a mandatory lock-in period of three years. If you invest via monthly SIP, each of your monthly investment will be locked for next three years from the date of allotment. Here is our list of top-rated ELSS funds.


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