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| *Investment upto Rs. 1.5 lakhs in ELSS is eligible for deduction from taxable income under Sec 80C of the Income tax Act, 1961. This implies that investor who is in highest tax slab will save taxes of Rs. 46,350 on investment made in ELSS. For FY 16-17 for Indian residents below the age of 60 years. Tax savings may vary depending on the applicable tax slab. Investors are advised to consult his / her own tax consultant with respect to the specific amount of tax and other implications arising out of his / her participation in ELSS. Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882,sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. To Unsubscribe">click |
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