https://indianpedia.org/index.php?action=history&feed=atom&title=Equity_Linked_Savings_SchemeEquity Linked Savings Scheme - Revision history2026-07-30T23:42:51ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Equity_Linked_Savings_Scheme&diff=201731&oldid=prev2409:4071:D89:26DF:590:53A8:AE86:2BCE at 03:25, 22 September 20212021-09-22T03:25:57Z<p></p>
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A '''Equity Linked Savings Scheme''', popularly known as '''ELSS''', is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in [[India]].<ref>http://economictimes.indiatimes.com/mf/analysis/tax-saving-recycling-your-elss-investments-is-a-very-bad-idea/articleshow/56512440.cms</ref><ref>[http://www.business-standard.com/article/pf/five-mistakes-to-avoid-when-investing-in-an-elss-fund-117011600370_1.html Five mistakes to avoid when investing in an ELSS fund]</ref> They offer tax benefits under the Section 80C of Income Tax Act 1961.<ref>{{cite web|url=http://www.moneycontrol.com/mutual-funds/performance-tracker/returns/elss.html|title=Funds aimed at enabling investors to avail tax rebates under Section 80-C of the Income Tax Act.}}</ref> ELSSes can be invested using both SIP ([[Systematic Investment Plan]]) and [[lump sum]]s investment options.<ref>{{cite web|url=http://economictimes.indiatimes.com/wealth/invest/investment-in-sips-yields-better-returns-than-timing-the-market-study/articleshow/53257429.cms|title=Investment in SIPs yields better returns than timing the market: Study}}</ref><ref>{{cite web|url=http://www.rediff.com/getahead/2005/nov/09sip.htm|title=What's a mutual fund SIP?}}</ref><ref>{{cite web|url=http://economictimes.indiatimes.com/mf/analysis/should-you-invest-a-lumpsum-in-elss/articleshow/56474362.cms|title=Should you invest a lumpsum in ELSS?}}</ref> There is a three years lock-in period, and thus has better liquidity compared to other options like NSC and [[Public Provident Fund (India)|Public Provident Fund]].<ref>http://articles.economictimes.indiatimes.com/2013-02-18/news/37160319_1_equity-fund-lock-in-period-growth-option</ref> Mutual funds are subjective to fluctuations in the market. There were many instances where the money you invested is the same or even lesser after 3 years in a mutual fund.<br />
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==See also==<br />
* [[National Pension System]] (NPS)<br />
* [[Mutual fund]]<br />
* [[Income tax in India]]<br />
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==References==<br />
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[[Category:Tax-advantaged savings plans in India]]<br />
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