Business & Finance
ELSS Full Form - What is Full Form of ELSS?
| Full Form: | Equity Linked Saving Schemes |
|---|---|
| Category: | Business & Finance |
| Sub Category: | Accounting |
What is Meaning of ELSS?
ELSS is full form Equity Linked Saving Schemes
What is Equity Linked Saving Schemes?
An Equity Linked Saving Scheme (ELSS) is an open-ended equity mutual fund that invests primarily in equities and equity-related products. They are a special category among mutual funds that qualify for tax deductions under Section 80C of the Income Tax Act, 1961.