Yes, you can invest in ELSS (Equity Linked Saving Scheme) mutual funds through Angel One. ELSS funds offer tax benefits under Section 80C and the potential to grow your money through equity markets. Investing in ELSS via Angel One is easy, fully online, and comes with no commission charges, making it convenient and cost-effective for everyone.

Can I invest in ELSS funds through Angel One?

Yes, Angel One provides access to many ELSS mutual funds from top fund houses like HDFC, Axis, Mirae, and SBI. You can invest via SIP or lump sum and enjoy tax deductions up to ₹1.5 lakh under Section 80C. ELSS is one of the best ways to save tax while growing your investment in equity.

How do I invest in ELSS via Angel One?

To invest, log in to the Angel One app or website, go to the mutual funds section, filter for ELSS funds, select your preferred fund, and choose SIP or lump sum investment. Enter the amount and complete the payment online. It’s simple and takes just a few minutes.

What is the lock-in period of ELSS funds?

ELSS funds have a lock-in period of 3 years, which is the shortest among all tax-saving investments under Section 80C. This means you cannot redeem your investment before 3 years, encouraging long-term investing and helping you build wealth steadily.

What are the tax benefits of investing in ELSS?

Investments in ELSS qualify for a tax deduction of up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. The returns from ELSS are also tax-efficient because of long-term capital gains tax rules, making it a popular choice for tax saving and wealth creation.

Are ELSS funds risky?

ELSS funds invest mainly in equity markets, so they do carry some market risk. However, investing through SIP and staying invested for the long term reduces risks and helps earn better returns compared to traditional tax-saving options.

Can I invest in ELSS through SIP on Angel One?

Yes, Angel One allows you to invest in ELSS funds via Systematic Investment Plans (SIP). SIP helps you invest small amounts regularly, making it easier to build wealth and benefit from rupee cost averaging over time.

How to choose the best ELSS fund on Angel One?

Look for funds with consistent past performance, good fund manager reputation, low expense ratio, and alignment with your risk profile. Angel One provides detailed fund ratings and comparisons to help you pick the right ELSS fund easily.

Can I redeem ELSS funds after 3 years?

Yes, after the mandatory 3-year lock-in period, you can redeem your ELSS units anytime. You can also continue holding the units to benefit from potential future growth. Redemption can be done easily through the Angel One app or website.