What Is Elss Funds
                     What Is Elss Funds 
About Elss Funds 
 An equity-linked savings scheme or an 
ELSS fund is the only kind of mutual 
funds eligible for tax deductions under 
the provisions of Section 80C of the 
Income Tax Act, 1961. You can claim a 
tax rebate of up to Rs 1,50,000 and 
save up to Rs 46,800 a year in taxes by 
investing in ELSS mutual funds.
 ELSS funds’ asset allocation is mostly 
(65% of the portfolio) made towards 
equity and equity-linked securities such 
as listed shares. They may have some 
exposure to fixed-income securities as 
well. These funds come with a lock-in 
period of just three years, the shortest 
among all Section 80C investments.
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