ELSS Tax Saver Funds explained.

What they invest in

ELSS Tax Saver Funds invest at least 80% in equity and come with a 3-year lock-in. Investments can qualify for a tax deduction of up to ₹1.5 lakh a year under the old tax regime; there is no such deduction under the new regime.

Generally used by taxpayers on the old regime who want equity exposure and can stay invested 3+ years.

Common questions