limit of purchase of mutual funds for IT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2010
Kindly inform whether there is any limit for the amount invested in mutual funds or can we invest upto 1 lakh for savings under Sec 80C
08 March 2010
You can invest any amount. There is no limit for investment in ELSS MF. The limit u/s 80C is Rs. 1 lacs.
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