scorecardresearchExplainer | What is ELSS and how does it work

Explainer | What is ELSS and how does it work

Updated: 06 Jun 2022, 05:00 PM IST
TL;DR.
An Equity Linked Savings Scheme (ELSS) is a mutual fund that permits an individual to claim income tax deduction. At the time of investing in ELSS one can enjoy several benefits and the appended feature of tax exemption. Let's take a closer look at this
An ELSS is a mutual fund that invests a greater majority of its corpus in equity and equity-linked financial securities.

An ELSS is a mutual fund that invests a greater majority of its corpus in equity and equity-linked financial securities.