limit of purchase of mutual funds for IT

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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

Rasesh (Expert)
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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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