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ELSS

What is Equity Linked Savings Scheme (ELSS)?

What is Equity Linked Savings Scheme (ELSS)?

Equity Linked Savings Scheme

An Equity Linked Savings Scheme (ELSS) is an open ended mutual fund which provides investors both the better capital appreciation in longer term and the tax benefits as it comes under section (u/s) 80C of the Income Tax Act 1961. ELSS has a lock in period of 3 years that means investors can exit from these funds by selling only after completion of 3 years from the respective investment date.

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