What Is An Equity-Linked Savings Scheme (ELSS)?
Equity-Linked Savings Schemes (ELSS) fall under Section 80C of the Income Tax Act of 1961, which permits an individual or HUF to deduct up to Rs. 1.5 lacs from their gross income. According to the guidelines of Section 80C of the Income Tax Act of 1961, an ELSS fund or an equity-linked savings scheme is