Tax Saver

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What are Tax-Saving or ELSS funds?

ELSS or Equity Linked Saving Scheme is a type of open-ended equity mutual fund that has the dual benefit of growing your wealth and saving tax. ELSS funds invest majorly in equity and equity related products and have a lock-in...

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What is the minimum investment amount required for Scripbox Tax Saver?

The minimum investment amount required for investing in Scripbox Tax Saver is Rs. 500. For Non-Resident Indian / Mariners / PIO not residing in India: You can start investing with Rs.10,000 per month andRs.20,000 when invested for the first time...

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Should I do one-time or lump sum investment or opt for an SIP in ELSS/Tax-Saving funds?

It’s recommended you opt for an SIP as it helps you save systematically. Here’s why we recommend opting for an SIP: Since ELSS funds are equity mutual funds, SIPs reduce volatility for better long term returns Become disciplined in your tax...

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How to claim the tax benefits offered by Scripbox Tax Saver?

In order to claim the tax benefits, you will be provided with a tax investment certificate that can be downloaded from your Scripbox dashboard.Steps to download the statement: Login to Scripbox accountClick on More (if on app), Account Statements (if on...

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Why should I invest in ELSS/Tax-Saving funds?

There are a number of benefits of investing in ELSS funds. Starts at just Rs. 500 -you can start investing in ELSS funds at a low starting amount of just Rs.500. Tax saving - ELSS funds qualify for tax saving. Investments in ELSS funds...

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