- Date : 10/03/2022
- Read: 7 mins
Equity Linked Savings Scheme (ELSS) is a form of investment that is hugely popular in India. The Government of India has come up with Equity Linked Savings Schemes to encourage the habit of long-term investment among citizens. There's a lot of information available about investing in ELSS funds, but what about exiting the investment? What are the preferred exit strategies for ELSS? Balancing the riskiness of your portfolio, Choosing relevant sector-focused funds, Value investing strategy are some exit strategies that one can use to exit the ELSS. Read on to find out more about these.
Equity Linked Savings Scheme (ELSS) is a form of investment that is hugely popular in India. It helps investors cultivate the saving habit and encourages them to divert their savings to the capital markets. You can choose from numerous mutual funds registered with the scheme, and a profusion of fund managers with various portfolio strategies. Please bear in mind, however, that not all mutual funds are ELSS-approved.
Also Read: Debunking 7 Myths About ELSS Mutual Funds
A brief overview of ELSS
The Government of India has come up with Equity Linked Savings Schemes to encourage the habit of long-term investment among citizens. Essentially, if you invest up to Rs 1,50,000 in an ELSS, you become eligible to claim that amount as a deduction from your gross taxable income as per Se...
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