EQUITY LINKED SAVING SCHEMES (ELSS)

As the name of the scheme very clearly suggests, it is a tax saving scheme that’s linked to equity. These schemes are growth oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme.Few most important features of Equity Linked Saving Schemes (ELSS).
Features of ELSS (Equity Linked Saving Schemes):
a>Proxy route to directstock investments
b>Lock-in feature provideslong-term investing discipline
c>Provides tax saving benefits and the potential for higher returns
d>Flexibility to investsmall amounts through an SIP (SYSTEMATIC INVESTMENT PLAN)who can buy? Section 80C of the Income Tax Act providestax benefitsto a person who buys units of ELSS, either in his own name or jointly. Individuals,what is the minimum & maximum amount of investment? Investments can be made through a systematic investment plan (SIP) or lump sum.