mutual-funds · Last reviewed 2026-01-09
ELSS (Equity Linked Savings Scheme)
A tax-saving mutual fund with a mandatory 3-year lock-in period. Investments up to ₹1.5 lakh qualify for tax deduction under Section 80C. It primarily invests in equity markets.
Why it matters
Understanding ELSS (Equity Linked Savings Scheme) is crucial for making informed financial decisions in India.
Example
Numeric example
Example: ELSS (Equity Linked Savings Scheme) in practice with Indian Rupees
Detailed example will be generated.
How to use it
Use ELSS (Equity Linked Savings Scheme) when making financial decisions related to mutual-funds.
Common mistakes
- ·Not understanding the full implications
- ·Ignoring associated costs
ELSS (Equity Linked Savings Scheme) · last reviewed 2026-01-09