ELSS, or Equity-Linked Saving Scheme, is a type of mutual fund investment in India that provides tax benefits to investors under Section 80C of the Income Tax Act. ELSS is an equity-oriented scheme that invests in a diversified portfolio of equity and equity-related securities. It is important to note that ELSS, like any other equity investment, carries market risk and the returns are subject to fluctuations in the stock market. Before investing in ELSS, it is recommended to consider one’s financial goals, risk tolerance, and investment horizon, and to consult with a financial advisor if necessary.
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