What is ELSS (Equity Linked Savings Scheme)? — Meaning, Definition & Example
Definition
ELSS is a type of equity mutual fund that qualifies for tax deduction under Section 80C with the shortest lock-in period of 3 years among all 80C instruments. It invests at least 80% in equities and has potential for high returns along with tax savings.
Investing ₹1.5 lakh in ELSS saves ₹46,800 in tax (at 30% slab) and if the fund returns 12% annually, your ₹1.5L grows to ₹2.11L in 3 years.
🇮🇳 ELSS (Equity Linked Savings Scheme) in Hindi / हिंदी में
ELSS (इक्विटी लिंक्ड सेविंग्स स्कीम) — ELSS एक प्रकार का इक्विटी म्यूचुअल फंड है जो धारा 80C के तहत टैक्स कटौती के लिए पात्र है। सभी 80C साधनों में इसका लॉक-इन सबसे कम 3 साल का है।
ELSS (Equity Linked Savings Scheme) (Hinglish) — ELSS ek equity mutual fund hai jo Section 80C ke under tax deduction deta hai. Sabse kam 3 saal ka lock-in hai. Minimum 80% equity mein invest hota hai.