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Nifty 5024,277.60.23%H 24,277.6 · L 24,277.6|Sensex77,472.940.24%H 77,986.84 · L 77,472.94|Bank Nifty57,9850.82%H 57,985 · L 57,985|USD / INR₹95.420.01%H ₹95.47 · L ₹95.4|Gold Intl (10g)₹1,43,854.90.78%H ₹1,44,100.32 · L ₹1,42,587.96|Silver Intl (1kg)₹2,12,297.491.73%H ₹2,13,355.84 · L ₹2,08,877.05|Crude WTI₹7,797.310.62%H ₹7,840.25 · L ₹7,775.37|Bitcoin₹75,24,9430%H ₹75,25,088.45 · L ₹75,24,797.55|Ethereum₹2,37,9101.42%H ₹2,39,594.73 · L ₹2,36,225.27|Nifty 5024,277.60.23%H 24,277.6 · L 24,277.6|Sensex77,472.940.24%H 77,986.84 · L 77,472.94|Bank Nifty57,9850.82%H 57,985 · L 57,985|USD / INR₹95.420.01%H ₹95.47 · L ₹95.4|Gold Intl (10g)₹1,43,854.90.78%H ₹1,44,100.32 · L ₹1,42,587.96|Silver Intl (1kg)₹2,12,297.491.73%H ₹2,13,355.84 · L ₹2,08,877.05|Crude WTI₹7,797.310.62%H ₹7,840.25 · L ₹7,775.37|Bitcoin₹75,24,9430%H ₹75,25,088.45 · L ₹75,24,797.55|Ethereum₹2,37,9101.42%H ₹2,39,594.73 · L ₹2,36,225.27|

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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