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This document serves as an application form for Equity Linked Savings Scheme (ELSS) investments, including necessary details regarding applicants, banks, and nominee information.
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How to fill out application form for elss

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How to fill out Application Form for ELSS Schemes

01
Gather necessary personal information such as name, address, phone number, and email.
02
Provide details of your income, including salary, business income, and other sources.
03
Select the ELSS scheme you want to invest in from the available options.
04
Fill in the application form with the selected scheme details.
05
Provide KYC documents such as PAN card and address proof.
06
Specify the amount you wish to invest in the ELSS scheme.
07
Read and understand the terms and conditions before submitting the form.
08
Sign and date the application form accurately.
09
Submit the completed application form along with required documents to the financial institution or fund house.

Who needs Application Form for ELSS Schemes?

01
Individuals looking to invest in ELSS schemes for tax benefits under Section 80C.
02
Taxpayers seeking long-term capital appreciation through equity investments.
03
Those planning to build a tax-efficient portfolio.
04
Investors who want to take advantage of systematic investment plans (SIPs) in ELSS.
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People Also Ask about

Best ELSS Funds to Invest in 2025 Name1Y Returns Motilal Oswal ELSS Tax Saver Fund Direct - Growth Compare Start SIP 6.79% SBI ELSS Tax Saver Fund Direct - Growth Compare Start SIP -0.69% HDFC ELSS Tax Saver Fund Direct - Growth Compare Start SIP 6.05% ITI ELSS Tax Saver Fund Direct - Growth Compare Start SIP -0.29%36 more rows
You can invest in ELSS the same way that you invest in any Mutual Fund. The easiest way is through an Online Investment Services Account. You can invest either as a lump sum or via the SIP (systematic investment plan) route.
Steps to request your ELSS Statement: Go to your profile. Select the 'Reports' option. Under 'Tax', find 'Mutual Fund - Capital Gains'. Choose the financial year and click 'Download'.
ELSS (Equity Linked Savings Scheme) funds are ideal for individuals seeking to save on taxes while aiming for potential long-term growth. If you are looking to claim deductions under Section 80C and don't mind some equity market exposure, ELSS can be a good fit.
You can choose to invest in a lump sum or instalments via a SIP. All ELSS funds have a lock-in period of three years. Once the lock-in period ends for a particular instalment/lump sum investment, the ELSS becomes an open-ended equity-oriented investment scheme with full liquidity.
ELSS typically offers higher returns (12–16% CAGR), while FDs provide fixed returns of around 6–7.5%. What is the lock-in period for ELSS and FD? ELSS has a 3-year lock-in, whereas tax-saving FDs have a 5-year lock-in period.
ELSS investments held for more than three years are considered Long-Term Capital Assets and any gains from redemption are subject to Long-Term Capital Gains Tax (LTCG) at a rate of 10% on gains exceeding Rs 1 lakh. Additionally, the gains are eligible for indexation benefits, reducing the tax liability.

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The Application Form for ELSS (Equity Linked Savings Scheme) is a document that investors must fill out to invest in ELSS mutual funds, which offer tax benefits under Section 80C of the Income Tax Act.
Individuals and Hindu Undivided Families (HUFs) looking to invest in ELSS mutual funds and avail themselves of the associated tax benefits are required to file the Application Form.
To fill out the Application Form for ELSS Schemes, investors need to provide personal details such as name, address, contact information, PAN (Permanent Account Number), and details of the investment amount. Signature and additional documentation like KYC (Know Your Customer) may also be required.
The purpose of the Application Form for ELSS Schemes is to formally authorize the mutual fund company to process the investment and maintain a record of the investor's information for compliance and communication purposes.
The Application Form for ELSS Schemes must report information such as the investor's name, contact details, PAN, bank account information, nominee details, investment amount, and declaration regarding tax benefits.
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