ELSS refers to Equity Linked Savings Scheme, a close-ended investment instruments with a lock-in period of 3 years. It is essentially a mutual fund instrument that is based on the performance in the equity markets offered by Mutual Funds Companies in India. An ELSS mutual fund invests at least 80% of its total assets in equity and equity-related instruments. ELSS can be invested using both SIP (Systematic Investment Plan) and lump-sum investment options. A reason why Seema actively recommends it to all the employees in her company when they run helter-skelter to…
