Equity
Linked Savings Schemes
ELSS funds score over their traditional counterparts in terms of the superior tax efficiency of their returns, their comparatively shorter lock-in period, and their better odds of helping you create long-term wealth. Any profits that are booked when you redeem your ELSS mutual funds units will be counted as long-term capital gains from equity funds. Since they allocate your money to the stock market, ELSS funds can be a great tool to help you meet your financial goals.