What is the tax rate applied to Long-Term Capital Gains (LTCG) on listed equity shares in India since April 1, 2018, if the capital gain exceeds ₹1 lakh in a fiscal year?

5% 10% 15% 20%

What is the minimum investment amount required to start a Systematic Investment Plan (SIP) in an Equity Linked Savings Scheme (ELSS) in India?

₹100 ₹500 ₹1000 ₹5000

According to the provided text, what is one of the primary advantages of Equity Linked Savings Schemes (ELSS) for investors in higher income tax brackets?

Guaranteed high returns Tax-free returns Potential tax savings up to ₹46,800 per year Complete exemption from LTCG tax

What is the minimum lock-in period for investments in Equity Linked Savings Schemes (ELSS) in India?

1 year 2 years 3 years 5 years

According to the text, what is one of the key reasons why Equity Mutual Funds are considered a suitable investment option even after the introduction of LTCG tax?

Complete exemption from LTCG tax for all investors Higher returns compared to fixed deposits and insurance policies Tax exemption on gains exceeding ₹1 lakh Potential to generate higher returns than most other savings and investment schemes