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23 ELSS funds change names

“This change is generally to bring uniformity across the names and the category. This guideline by Sebi will bring parity on the name of the schemes. Most of the fund houses have it in other categories, now they are bringing parity in this category,” says Chokkalingam Palaniappan, Director of Prakala Wealth, a Chennai-based advisory firm. ....

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18 ELSS funds change names

According to the fund houses, all other terms and conditions of the SID/KIM of these schemes remain unchanged. The notice-cum-addendum by the fund houses forms an integral part of the SID and KIM of the above-mentioned schemes, as amended from time to time. ....

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11 ELSS funds change names

Fund houses used to earlier name their schemes differently, but the new names have ELSS and tax saver as part of their names. ....

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9 ELSS funds change names

According to the fund houses, all other terms and conditions of the SID/KIM of these schemes remain unchanged. The notice-cum-addendum by the fund houses forms an integral part of the SID and KIM of the above-mentioned schemes, as amended from time to time. ....

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SBI Long Term Equity Fund, Motilal Oswal Long Term Equity Fund, HDFC TaxSaver: ELSS funds that have given around 22% return in one year

ELSS funds are equity funds that allow investors to invest their money and also save tax. ELSS funds are tax-saving schemes as they offer tax exemption of up to Rs 150,000 under Section 80C of the Income Tax Act. ....

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