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What is the full form of ELSS in the context of Mutual Funds?

December 19, 2010   by: Sushila S Iyengar    Points :-5   Category :Business & Investment    
What is the full form of ELSS in the context of Mutual Funds?



 
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Author: S. Chowdhury           
Posted Date: 12/23/2010     Points: 3    

ELSS stands for Equity Linked Saving Scheme. It is a kind of mutual fund that gives tax exemption and hence lot of people avail of it, just before the end of the fiscal year. Though mutual funds always have its risk factors, but if selected properly, an individual can get tax exemption to a large extent alongwith the investment.

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