Investments
ELSS
pronounced: [E-L-S-S]
Equity Linked Savings Scheme is a diversified equity mutual fund that offers tax benefits under Section 80C with a mandatory lock-in period of 3 years.
It is the only equity product qualifying for 80C deduction.
Key Facts
| Fact | Value |
|---|---|
| Tenure | 3 years |
| Tax Section | SECTION 80C |
Example
Under Section 80C, you can claim up to ₹1.5 lakh/year for PPF, ELSS, life insurance premiums, EPF, home loan principal, NSC, and tuition fees. Combined with 80D health insurance (up to ₹1 lakh for family), a taxpayer can save up to ₹62,400/year in taxes at 30% bracket.
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Last updated: 21 May 2026