ELSS or (Equity Linked Saving Schemes) are a category of mutual funds that invest the corpus primarily in equity and equity related instruments. The investment has a lock-in period of three years from the date of investment. ELSS schemes qualify for a tax deduction of up to ₹1,50,000 per financial year under Section 123 of the Income-tax Act, 2025 (Section 80C before 1 April 2026). The deduction is available only under the old tax regime.
ELSS schemes encourage investors to invest in equities for a long time horizon to reap the benefit of long term wealth creation.
ELSS schemes score over traditional tax saving instruments as they grow your wealth through equity allocation and give tax benefits at the same time.
To download a statement of just your ELSS investments, see Where can I view and download my P&L (Profit & Loss) statement?.