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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. Learn ELSS full form, meaning, types, and how to invest in ELSS funds. Discover what ELSS mutual fund is and how it works for tax savings & wealth creation. 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 Mutual Funds: Before investing, learn about what is ELSS fund, its benefits, how to invest, and other factors in detail.
