What does ELSS mean? What is the full form of ELSS?
The Full Form of ELSS is Equity-linked savings scheme.
Equity Linked Savings Scheme (ELSS) is a kind of mutual fund scheme that predominantly invests in equity and equity related instruments to generate high returns.
What makes ELSS different from other equity mutual fund schemes is that investment upto ₹1.5 lakh in ELSS is eligible for deduction from taxable income in a financial year. The scheme comes with a statutory lock-in period of 3 years for each SIP. It is the only mutual fund scheme that qualifies for tax deduction under Section 80(C) of the IT Act.
ELSS
means
Equity-linked savings scheme
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Do you want to know What does ELSS mean? What is the full form of ELSS?. Are you looking for What does ELSS mean? What is the full form of ELSS? What is ELSS stand for? On this page, We talk about the various possible acronym, abbreviation, full form or slang term of ELSS. The Full Form of ELSS is Equity-linked savings scheme
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