ELSS and Mutual funds are similar in nature but serve a completely different purpose to investors. In this post, we discuss ELSS vs mutual funds difference, comparison and review.
Equity Linked Savings Scheme (ELSS)
Equity Linked Saving scheme (ELSS) are open-ended equity mutual fund scheme with the benefit of taxation under Income tax section 80C. The investment made in ELSS are tax exempted up to Rs 150000 under section 80C. These are diversified equity fund suitable for investors