An Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India.
[1][2] They offer tax benefits under the Section 80C of Income Tax Act 1961.
[4][5][6] There is a three years lock-in period, and thus has better liquidity compared to other options like NSC and Public Provident Fund.
[7] Mutual funds are subjective to fluctuations in the market.
This article related or pertaining to the economy of India is a stub.