*To save tax up to Rs 46350, Individual and HUF having taxable income of less than 1 Crore can invest up to 1.5 lakhs under the ELSS scheme during the FY 2016-17 as per provision of Section 80C of the income tax act 1961 (includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investment. Further, investment in ELSS schemes is subject to a lock-in-period of 3 years from the date of allotment of units. The tax benefits are as per the current income tax laws and rules. Investor are advised to consult their tax advisor before investing in such schemes.