What is the primary investment focus of ELSS funds?

Fixed Income Securities Real Estate Commodities Equity and Equity-related Instruments

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

1 year 2 years 3 years 5 years

What is the minimum percentage of a corpus that ELSS funds are required to invest in equity?

50% 60% 70% 80%

Under which section of the Income Tax Act can investors claim tax deductions for investments in ELSS funds?

Section 80D Section 80C Section 80G Section 80E

What is the maximum annual investment amount eligible for tax deductions under Section 80C for ELSS funds?

Rs. 50,000 Rs. 100,000 Rs. 150,000 Rs. 200,000

How are returns from ELSS funds taxed after the lock-in period?

Tax-free Short-Term Capital Gains Tax Long-Term Capital Gains Tax Wealth Tax

What is the tax rate applicable to Long Term Capital Gains exceeding Rs. 1 lakh from ELSS funds?

5% 10% 15% 20%

Which of the following is NOT a way to invest in ELSS funds?

Through Online Mutual Fund Investment Platforms Through an existing demat account Through a bank loan Through an agent

What is the minimum investment amount for most ELSS schemes?

Rs. 500 Rs. 1000 Rs. 5000 Rs. 10,000

What investment strategy allows investors to invest small amounts regularly in ELSS funds?

Lump Sum Investment Systematic Investment Plan (SIP) Fixed Deposit Recurring Deposit