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Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,26,134.860%H ₹1,27,082.32 · L ₹1,25,153.67|Silver Intl (1kg)₹1,84,478.790%H ₹1,84,478.79 · L ₹1,81,228.6|Crude WTI₹6,810.370%H ₹7,059.29 · L ₹6,810.37|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,26,134.860%H ₹1,27,082.32 · L ₹1,25,153.67|Silver Intl (1kg)₹1,84,478.790%H ₹1,84,478.79 · L ₹1,81,228.6|Crude WTI₹6,810.370%H ₹7,059.29 · L ₹6,810.37|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|

Equity Linked Savings Scheme (ELSS)

A tax-saving mutual fund with a 3-year lock-in.

Definition

An Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund that qualifies for a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. It has the shortest lock-in among 80C options — just 3 years.

Example

Investing ₹1.5 lakh in ELSS can save up to ₹46,800 in tax (at the 30% slab) while giving equity-market exposure.

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Frequently asked questions

Related terms

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