Ch.12 · Model Portfolios and Asset Allocation · easy
Which of the following mutual fund types is specifically designed for tax-saving under Section 80C?
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EXPLANATION
ELSS (Equity Linked Savings Scheme) is the only mutual fund category eligible for Section 80C deduction up to ₹1.5 lakh. It has a mandatory 3-year lock-in — the shortest among all 80C instruments. It invests primarily in equities and is suitable for investors with a minimum 3-year horizon.
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