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I can explain ELSS
An equity mutual fund with a 3-year lock-in that can give Section 80C tax deduction.
Equity Linked Savings Scheme (ELSS) is a diversified equity fund eligible for Section 80C deduction with a mandatory three-year lock-in.
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ELSS = Equity Linked Savings Scheme. Shortest popular 80C lock-in, but market risk remains.
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In plain English, what is ELSS?
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