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Equity Linked Savings Scheme

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An Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India. They offer tax benefits under the Section 80C of Income Tax Act 1961. ELSSes can be invested using both SIP (Systematic Investment Plan) and lump sums investment options. There is a three years lock-in period, and thus has better liquidity compared to other options like NSC and Public Provident Fund. Mutual funds are subjective to fluctuations in the market.

See also

References

  1. T, Madhu. "Tax saving: Recycling your ELSS investments is a very bad idea". The Economic Times.
  2. Five mistakes to avoid when investing in an ELSS fund
  3. "Funds aimed at enabling investors to avail tax rebates under Section 80-C of the Income Tax Act".
  4. Zaidi, Babar. "Investment in SIPs yields better returns than timing the market: Study". The Economic Times.
  5. "What's a mutual fund SIP?".
  6. "Should you invest a lumpsum in ELSS?". The Economic Times.
  7. "Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News". Archived from the original on 21 February 2013.


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