What is the key tax advantage of investing in an ELSS fund?

Tax exemption on all investment gains Tax deduction up to a certain limit under section 80C Tax-free dividends No capital gains tax on long-term investments

What is the lock-in period for investments in ELSS funds?

1 year 3 years 5 years 7 years

How do ELSS funds compare to other tax-saving investment options in terms of returns?

ELSS funds generally offer lower returns ELSS funds and other options offer similar returns ELSS funds generally offer higher returns Returns are unpredictable for both ELSS and other options

What is the minimum investment duration for ELSS funds?

There is no minimum duration 1 year 3 years 5 years

What is a significant feature of ELSS funds that encourages disciplined long-term investment?

High dividend payouts Tax-free withdrawals after maturity The lock-in period Guaranteed returns

What investment approach allows investors to invest a fixed amount in ELSS at regular intervals?

Lump-sum investment Systematic Investment Plan (SIP) Dollar-cost averaging Value investing

What is the tax rate applied to long-term capital gains from ELSS funds exceeding a certain threshold?

0% 5% 10% 15%