What does the term 39 ELSS 39 stand for ........

Current GK (IBPS-CL) Banking Awareness

Download Solution PDF

What does the term 'ELSS' stand for?

Entry Load Shares Scheme

Entry Load Starting Shares

Equity Linked Savings Scheme

Equity Linked Shares Sold

Employee Level Salary Scheme

छोटे Courses बड़े Results

Master Banking Awareness

Prepare through Micro-courses

Try Now

Explanation:

ELSS stands for Equity Linked Saving Scheme.
An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that doesn't just help you save tax,
but also gives you an opportunity to grow your money. It qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.

Report error

Submit Error