All About Equity Linked Savings Scheme (ELSS)

Equity Linked Savings Scheme (ELSS)

Equity Linked Savings Scheme (ELSS) is a type of mutual fund, with the shortest lock-in period of just 3 years, investing at least 80% of assets in equity (stocks) offering a higher compounding potential in the long term among other tax-saving schemes

∙ Minimum Investment Amount differs for fund houses

∙ No limit on Maximum Investment

∙ Deduction on Principal allowed under section 80C up to Rs 1.5 lakh

∙ Interest is taxable at 10% (LTCG)

∙ Dividend earned is taxable at 10% as dividend distribution tax