ELSS mutual fund

Tue, 12 May 2026 00:00:00 +0000

An Equity Linked Savings Scheme (ELSS) is a category of open-ended equity mutual fund in India that qualifies for a deduction under Section 80C of the Income Tax Act, 1961, allowing investors to claim a deduction of up to ₹1.5 lakh per financial year from their gross total income, subject to conditions. ELSS funds are the only equity mutual fund category in India that offers a tax deduction on the invested amount. They carry a mandatory lock-in period of three years from the date of each investment unit, which is the shortest lock-in period among all Section 80C instruments.

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ELSS mutual fund