Equity Linked Saving Scheme (ELSS)
Equity Linked Saving Scheme (ELSS) An Equity Linked Savings Scheme (ELSS) is a diversified equity mutual fund that gives you a dual benefit of tax saving with the growth potential of equities. However, unlike other tax-saving investments, ELSS has a lock-in period of just 3 years. Which also means each installment will have a different maturity date. Investing through an SIP also gives you the benefit of rupee-cost averaging and compounding, that helps you ride over market volatility over the ...