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What is ELSS?

Equity Linked Savings Scheme (ELSS) is a diversified mutual fund scheme that allows you to invest in Equity. ELSS qualifies for tax deduction under Section 80C of the Income Tax Act, 1961. The tax deductions are applicable for only ELSS mutual funds. It is the best investment option for both first-time investors and salaried individuals.

Types of ELSS Mutual Funds

Growth option

The Growth option allows the re-investing of profits made by the scheme instead of distributing them among the investors periodically. The Growth option always has a higher NAV than the Dividend option, as there is the feature of a profit reinvestment in the Growth option that has the potential to grow in value over time.

Dividend option

The Dividend option allows the distribution of profits made by the scheme among the investors periodically rather than re-investing them in the scheme. The dividend is mainly paid out annually. Some schemes come with pay-out intervals— daily, monthly, quarterly, etc.

Dividend Reinvestment option

A dividend reinvestment plan (DRIP) allows a direct investment of dividends in the underlying equity rather than giving the investors cash dividends. It is an easy, flexible, and cost-effective method to grow your investment faster.

How to invest in ELSS?

STEP 1 –Submit the basic details like your name, address, email ID, phone number, etc.

STEP 2 – Complete the KYC process to prove your identity.

STEP 3 – After authentication, you will get credentials to begin with an ELSS investment.

Why is ELSS considered a good investment option?

Lock-in period

It offers a minimum lock-in period of three years from the date of investment

Disciplined investments

There is the requirement for investing periodically on a predetermined date.

Modes of investments

Two types of investments— A lumpsum investment and A Systematic Investment Plan (SIP) 

A lump sum investment that allows you to put the entire amount into a preferred mutual fund scheme at once

A Systematic Investment Plan (SIP) allows you to regularly invest a small fixed amount in a scheme.

Low amount investment

Start investing at Rs.500 in most ELSS schemes.

Benefits of ELSS Investment


With Rs. 1,50,000, or any lower investment in the financial year and the highest tax bracket of 30%, you can save up to Rs. 46,800 in taxes a year.

High returns

Make higher returns than traditional tax-saving schemes.

Hassle-free and convenient

Invest in ELSS funds online with ease and comfort without any difficulty.

Portfolio Diversification

Get help to spread your investment in different instruments to mitigate risk.

Awards and Recognition

How is Safe Investing in ELSS Funds?

  • The price value of an investment option under ELSS is dependent upon an underlying asset.
  • The Equity market is quite volatile. Although there are no guaranteed returns, there are potentially higher returns
  • The investor should have a high-risk appetite to opt for ELSS
  • Professional experts with significant amounts of knowledge about the sentiment and functioning of the capital market manage the investment portfolio.
  •  They diversify the portfolio to ensure significant returns.

Frequently Asked Questions

You will receive the ELSS statement in your registered email id regularly.

You cannot take out your fund before three years.

After completing a lock-in period of three years, you can redeem your units according to the ‘First-In-First-Out (FIFO)’ method when there are multiple investments.

They allocate upto 65% of their portfolio into equity and equity-oriented securities while the remaining portion into fixed-income securities.

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