What is the primary investment focus of ELSS funds? Option: Commodities, Real Estate, Equity and Equity-related Instruments, Fixed Income Securities

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What is the primary investment focus of ELSS funds?

Commodities

Real Estate

Equity and Equity-related Instruments

Fixed Income Securities

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What is the primary investment focus of Equity Linked Savings Schemes (ELSS)?

Equity and equity-related tools

Government Securities

Corporate Debt

Alternative investment funds

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Which equity fund offers tax benefits under Section 80C of the Income Tax Act, 1961?

"ELSS Funds"

"Sectoral Funds"

"Thematic Funds"

"Focused Equity Funds"

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What is the minimum percentage of assets that ELSS schemes must invest in equity?

70%

90%

80%

60%

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Which type of mutual fund offers tax advantages under Section 80C of the Income Tax Act in India?

Income funds

Growth funds

Equity Linked Saving Scheme (ELSS)

Capital preservation funds

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What is a key feature of ELSS funds?

"They offer guaranteed returns"

"They are not subject to market risks"

"They are primarily invested in debt instruments"

"They have a mandatory lock-in period of 3 years"