BENEFITS
*Upto one lakh you can get exemption for the income tax on investing in ELSS funds.
*There will not be any tax on the dividends you get from these funds.
*The three year lock-in-period gives you good long term profits.
*The investment is a solution for the increasing inflation.
DISADVANTAGES
*There will not be any guarantee on the returns.
*Some times, you may get negative returns.
*Can not come out of the funds immediately whenever money is required, due to the lock-in-period.
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