Costs, Tax & Regulation
Tax-Saving Mutual Funds (Section 80C / 123)
ELSS and how to claim the deduction in your ITR.
Updated 17 October 2026 · SEBI rules as of 2026
Eligible
ELSS only
Costs, Tax & RegulationOverview
ELSS is the only mutual fund category eligible for the ₹1.5 lakh deduction (old regime). From tax year 2026-27 the deduction is under Section 123 of the Income-tax Act, 2025 (formerly Section 80C).
| Particular | Details |
|---|---|
| Eligible | ELSS only |
| Limit | ₹1.5 lakh combined with PPF, EPF, insurance, etc. |
| Regime | Old regime only |
| Proof | ELSS account statement |
How to claim
- Invest in ELSSLump sum or SIP within the FY
- Download statementFrom AMC / CAS
- Submit to employerInvestment proof
- Claim in ITRDeduction schedule
Frequently asked questions
Do retirement funds qualify?
No, only ELSS qualifies among mutual funds.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Information is educational and may change with SEBI / tax rules — verify with the AMC, AMFI or SEBI. FinancePortal is not an investment adviser.