ELSS(EquityLinkedSavingsScheme)
Definition
A category of equity mutual fund that qualifies for tax deduction under Section 80C of the Income Tax Act, up to Rs 1.5 lakh per financial year. ELSS has a mandatory 3-year lock-in period — the shortest among Section 80C instruments. Being equity-oriented, ELSS carries market risk.
Example
Investing Rs 1.5 lakh in ELSS can save up to Rs 46,800 in taxes (at the 30% + cess tax bracket) while potentially generating equity-linked returns.
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Acornia Investment Services Pvt Ltd (ARN: 192746) is an AMFI Registered Mutual Fund Distributor & SIF Distributor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.