Yes, there are tax benefits associated with certain types of mutual funds in India:Equity Linked Savings Scheme (ELSS): Investments in ELSS funds qualify for tax deductions under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year. These funds have a lock-in period of three years.Capital Gains Tax on Equity Funds: Equity funds held for more than one year are subject to long-term capital gains (LTCG) tax at 10% on gains exceeding ₹1 lakh per year. Short-term capital gains (STCG) on equity funds are taxed at 15%.Debt Funds: Long-term capital gains on debt funds (held for more than three years) are taxed at 20% with indexation benefits, while short-term gains are taxed according to your income tax slab.Understanding these tax implications can help you plan investments more effectively and maximize post-tax returns.