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- Equity Linked Savings Scheme (ELSS) is a mutual fund scheme eligible for annual tax deductions on investments up to Rs. 1.5 lakh under Section 80C.
- Statutory lock-in of 3 years only from the date of investment.
- Remain invested even after lock-in period without any compulsion to redeem.
- With money invested in equities, ELSS investments leverages the power of compounding over the long term.
- ELSS comes with the option of SIP thereby able to invest in small amounts at regular intervals.