What is ELSS : meaning and features

One of frequent question I get from readers is What is ELSS? so let me start with the answer upfront.

“ELSS means Equity linked saving schemes.These are saving or investment schemes which invest majorily is equity assets. ELSS schemes are essentially a diverisfied mutual funds. Popularity
of ELSS schemes stems from

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What is full form of ELSS

Full form of ELSS is Equity linked saving schemes. ELSS schemes are basically diversified mutual fund schemes which enjoy tax benefits under section 80C of  Income tax. They are a great savings instrument to grow your money faster than fixed deposits and PFs.

These schemes are called Equity linked as the

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