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Mutual funds
Also called: ELSS, Equity linked savings scheme, Tax saver fund
An ELSS (equity-linked savings scheme) is an equity mutual fund with a three-year lock-in whose investments qualify for a deduction under Section 80C of the Income Tax Act, under the old tax regime.
With a monthly ELSS SIP, each instalment is locked for three years from its own date: the January 2026 instalment can be redeemed from January 2029, the February one from February 2029, and so on.
An ELSS (equity-linked savings scheme) is an equity mutual fund with a three-year lock-in whose investments qualify for a deduction under Section 80C of the Income Tax Act, under the old tax regime.
With a monthly ELSS SIP, each instalment is locked for three years from its own date: the January 2026 instalment can be redeemed from January 2029, the February one from February 2029, and so on.
No. ELSS describes a fund's costs, structure or past record. Mutual fund investments are subject to market risks, and past performance does not indicate future returns.