ELSS (Equity Linked Savings Scheme)

byPaytm Editorial TeamLast Updated: December 12, 2025

Meaning & Definition

ELSS is a tax-saving mutual fund that primarily invests in equities. It offers tax benefits under Section 80C and has a mandatory lock-in period of three years.

Key Features

  • Tax-saving investment
  • Equity-oriented
  • 3-year lock-in period
  • Potential for long-term growth

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Pending UPI TransactionLast Updated: September 16, 2025

Definition A pending UPI transaction means the payment request has been initiated but not completed due to technical…

Minimum Balance RequirementLast Updated: November 14, 2025

Definition The Minimum Balance Requirement is the rule set by banks that decides how much money must stay…

Bharat QRLast Updated: July 31, 2025

Definition Bharat QR is a unified QR code system launched by NPCI, in collaboration with card networks, to…

BeneficiaryLast Updated: August 19, 2025

Meaning A Beneficiary is the person or entity who receives money or benefits from a transaction, insurance, or…