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Home Education 1. Equity-linked saving scheme (ELSS)

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1. Equity-linked saving scheme (ELSS)

1. Equity-linked saving scheme (ELSS)

Tuesday, January 9, 2018, 7:05 PM

The equity-linked saving scheme is a type of equity diversified mutual fund. ELSS enjoys the Exempt, Exempt, Exempt (EEE) benefit. The investment you make in ELSS will be tax exempt up to Rs 1.5 Lakhs a year under Section 80C. The returns and the money you get at withdrawal are tax-free. ELSS has a lock-in period of 3 years.
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