InvestorQ : Do all funds offer tax benefits?
Neha Sharma made post

Do all funds offer tax benefits?

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Deepali Khupte answered.
3 years ago
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While mutual funds can be tax-efficient investment options, the short answer to your question is No, not all funds offer tax benefits.

So, that brings us to which are the mutual funds that help save tax? The answer to that is ELSS, or Equity Linked Savings Scheme.

ELSS is a type of mutual fund which not only helps you create wealth in the long term, but it also lowers your tax liability.

This double bonanza of the ELSS fund has made it one of the favourite investment options among investors.

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Aditi Sawant answered.
3 years ago
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To begin with, if you are a new investor, please consult a mutual fund adivsor before investing. Two, your definition of long term is wrong. Three years is not considered long term anymore. You should have an investment horizon of five to seven years. In fact, we recommend investing in equity mutual fund schemes only if an investor has an investment horizon of five to seven years. Three, you don't have to invest in ICICI Prudential Mutual Fund schemes just because you have an account wit ..
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