What is the difference between ELSS and mutual funds?

by varunsaini on Jan 13, 2023 Home & Family 432 Views

When you start investing, the most common investment tool being introduced to you will be mutual funds. Mutual funds are one of the most preferred investment options among investors all over the world. Mutual funds are nothing but pooled money invested in a variety of stocks, securities, and debts based on financial goals. 

Unlike other investment options, mutual funds are managed by experienced professionals. Moreover, mutual funds offer flexible options for everyone to invest in the form of lumpsum and SIPs. 

For instance, you can even start your SIP with as low as Rs.1000 per month and build your wealth bit by bit. Additionally, Mutual funds offer easy liquidity of the mutual fund units almost in a day or two except for the ELSS. ELSS are equity-linked saving schemes. The investments in ELSS up to Rs. 1.5 lakhs are tax deductible under Section 80C of the Income Tax Act. 

But the ELSS investments have a lock-in period of 3 years. These funds can be redeemed only after 3 years. Similar to other mutual funds, ELSS investments can also be done as lumpsum or SIPs based on your convenience. Therefore, if you are searching for a good investment product, start your mutual fund investment today!

Article source: https://article-realm.com/article/Home-Family/35212-What-is-the-difference-between-ELSS-and-mutual-funds.html

Comments

No comments have been left here yet. Be the first who will do it.
Safety

captchaPlease input letters you see on the image.
Click on image to redraw.

Reviews

Guest

Overall Rating:

Statistics

Members
Members: 17684
Publishing
Articles: 76,425
Categories: 202
Online
Active Users: 1315
Members: 0
Guests: 1315
Bots: 2581
Visits last 24h (live): 20282
Visits last 24h (bots): 19288

Latest Comments

Being on my feet for 8+ hours a day used to be a nightmare for my lower back. I switched to FP Insoles and the relief was almost immediate. It’s rare to find something that actually lives up to...
You can use this platform to get an unforgettable experience of services. iptv norge    
on Mar 7, 2026 about The Latest Online Business
You can use this platform to get an unforgettable experience of services. <a href="https://iiptv-norge.com">iptv norge</a>    
on Mar 7, 2026 about The Latest Online Business
You can use this platform to get an unforgettable experience of services.   
on Mar 7, 2026 about The Latest Online Business
You can use this platform to get an unforgettable experience of services.   
on Mar 7, 2026 about The Latest Online Business
You can use this platform to get an unforgettable experience of services. iptv portugal  
on Mar 7, 2026 about The Latest Online Business
With its mix of residential areas and busy markets, Patel Nagar inspires conversations where people sometimes mention Patel Nagar Escorts while discussing city experiences.  
India's most trusted platform for escort ads India. CTBabe.in features 18,500+ profiles with verified badges, genuine user reviews, and direct communication options. mumbai escorts
on Mar 6, 2026 about Nordic Online Dating
When statistical concepts become confusing, professional guidance can make a big difference. Statistics assignment help offers students the opportunity to learn practical approaches to...
Access your email quickly and securely with AOL Mail, a trusted platform for personal and professional communication. Enjoy a simple interface, strong spam protection, and reliable inbox...

Translate To: