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Three year returns disappoint ELSS investors

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Synopsis

Investments in Equity Linked Savings Schemes or ELSS—the tax-saving equity scheme by mutual funds—are meant to serve the dual purpose of reducing tax outgo and offer better returns than other tax-saving investment options.

Investments in Equity Linked Savings Schemes or ELSS—the tax-saving equity scheme by mutual funds—are meant to serve the dual purpose of reducing tax outgo and offer better returns than other tax-saving investment options. While the introduction of long-term capital gains tax on equities have made ELSS less tax-friendly, the underperformance of majority of these schemes in the recent years has raised concerns among investors.In the past three

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