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ELSS Funds give tax benefits on investment. Know the meaning, working, benefits, types, top funds under Equity Linked Savings Scheme. – Full Form and Meaning Equity Linked Savings Scheme (ELSS) is a type of mutual fund in India that primarily invests in equities or equity-related instruments. What are ELSS funds? An Equity Linked Savings Scheme (ELSS) fund is a type of mutual fund that invests primarily (a minimum of 80%) in equities and equity-related instruments. The fund manager can invest in stocks across market capitalisations - large-cap, mid-cap, and small-cap - and in a specific percentage that depends on the investment objective of each scheme. ELSS stands for Equity Linked Savings Schemes, a type of mutual fund that helps you save income tax. Learn how ELSS funds work, their advantages, and how to invest in them with HDFC Bank.
