Features of ELSS
- Lock-in period: ELSS have a lock-in period of 3 years, after which the units of the scheme can be easily redeemed.
- Tax Exemption: Investors can avail tax benefit under Section 80C of up to Rs.46,800 by investing in ELSS.
- Returns: Since ELSS invest majority of the amount in equities, the returns are linked to markets.
- SIP/Lumpsum: Investors can choose to invest via SIP or can invest in a lumpsum manner in an ELSS fund.
