Mutual Funds
ELSS / Tax-Saving
An ELSS (Equity Linked Savings Scheme) fund invests predominantly in equities and qualifies for a tax deduction under Section 80C, up to the overall 80C limit of ₹1,50,000 a year. Every ELSS investment carries a mandatory 3-year lock-in — the shortest lock-in among all 80C-eligible options, which typically also include PPF, NSC, and tax-saving fixed deposits.
Because the underlying investment is in equity markets, ELSS returns are not guaranteed and will move with the market — the tax deduction is certain, but the investment outcome isn't.
Who this is typically for
→Anyone wanting to save tax under Section 80C through equity exposure
→Investors comfortable with a 3-year lock-in and market-linked returns
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.