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Your Guide To ELSS : Top Elss Funds | PersonalFN

ELSS stands for Equity Linked Savings Scheme. ELSS is a type of diversified equity mutual fund, which qualifies for tax exemption of upto Rs 1.5 lakh under Section 80C of the Income Tax Act. ELSS stands for Equity Linked Savings Scheme. ELSS funds are subject to a compulsory lock-in period of 3 years.