Tax Saving & Mutual Funds Investment
Made Easy For Allianz Cornhill Employees

Investments in tax-saving mutual funds, also known as Equity Linked Savings Schemes (ELSS), can get you a tax break of up to ₹1.5 lakh under Section 80C of the Income Tax Act.

You can invest up to ₹ 1.5 Lakh under section 80C. When you invest money in Tax Saving funds during the year, the amount of tax you have to pay in the year is decreased. Also, you keep earning returns in the amount invested.

You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also called ELSS) etc.

Tax-saving mutual funds come with the dual benefit of tax saving and wealth creation. They help you not only save taxes but build wealth over the long-term as well, because these mutual funds invest primarily in equities and earn higher returns than traditional tax-saving investments like PPF, FDs and NSC

Not only ELSS funds, but all tax-saving investments come with a lock-in period. But tax-saving mutual funds have the lowest lock-in period of only 3 years. In comparison, PPF has a lock-in of 15 years, while NPS and EPF require you to be invested till you retire.