What is ELSS?
Friday, December 23, 2016, 2:46 PM
ELSS is nothing but a type of mutual fund. However, it’s different from other mutual funds. Unlike other mutual funds, ELSS can save you tax. ELSS invests 65% of your money in equity related instruments. You get a tax deduction up to INR 1.5 Lakhs a year, under Section 80C of the income tax act, on the money you invest in the ELSS.