These schemes offer tax rebates to investors under specific provisions of the Income Tax.
The government offers tax incentives for investment in specified avenues, for
For example, Equity Linked Savings Schemes (ELSS) under section 80C and Rajiv Gandhi Equity
Saving Scheme (RGESS) under section 80CCG of the Income Tax Act, 1961. Pension
The schemes launched by mutual funds also offer tax benefits. These schemes are growth-oriented.
and invest predominantly in equities. Their growth opportunities and risks associated with them are like
any equity-oriented scheme.