What is ELSS?
ELSS (also called tax saving mutual fund) — Equity Linked Savings Scheme — a tax-saving equity mutual fund eligible for up to ₹1.5 lakh deduction under Section 80C, with a 3-year lock-in.
In simple terms
ELSS has the shortest lock-in among Section 80C options.
Why ELSS matters when you invest
Understanding elss helps you make better-informed decisions when you invest and trade on ROAR by DP TradeKING. Open a free account to put it into practice — ₹0 delivery brokerage and zero-commission direct mutual funds.
ELSS — frequently asked questions
What is ELSS?
Equity Linked Savings Scheme — a tax-saving equity mutual fund eligible for up to ₹1.5 lakh deduction under Section 80C, with a 3-year lock-in.
What does ELSS mean in the stock market?
Equity Linked Savings Scheme — a tax-saving equity mutual fund eligible for up to ₹1.5 lakh deduction under Section 80C, with a 3-year lock-in. ELSS has the shortest lock-in among Section 80C options.
Can you give an example of ELSS?
ELSS has the shortest lock-in among Section 80C options.
Put it into practice — open a free account.
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