Elss full form: ELSS Mutual Funds

ELSS Mutual Funds: Before investing, learn about what is ELSS fund, its benefits, how to invest, and other factors in detail. What are ELSS funds? An Equity Linked Savings Scheme (ELSS) fund is a type of mutual fund that invests primarily (a minimum of 80%) in equities and equity-related instruments. The fund manager can invest in stocks across market capitalisations - large-cap, mid-cap, and small-cap - and in a specific percentage that depends on the investment objective of each scheme. Guide to ELSS and its meaning/full form. We explain it with examples, features, advantages, disadvantages, and comparison with PPF. What is the Full Form of ELSS The full form of ELSS is Equity Linked Savings Schemes. What is Equity Linked Savings Schemes Equity Linked Savings Schemes (ELSS) are a type of mutual fund in India that invest in a diversified portfolio of stocks and securities. They are known for their tax-saving benefits, as investments in ELSS qualify for deductions under Section 80C of the Income Tax Act in India. ELSS have a lock-in period of three years, which means that the invested amount cannot be ...