What is an ELSS (tax saver) fund?
ELSS (Equity Linked Savings Scheme) is an equity fund that offers a tax deduction on investments of up to ₹1.5 lakh a year under the old income-tax regime. It is not available under the new regime.
Each investment is locked in for 3 years, the shortest lock-in among tax-saving options. With a SIP, every instalment has its own 3-year lock-in.
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