Noun
ELSS
(space science) Initialism of extravehicular life support system.
However, ELSS scores over PPF in terms of returns delivered. Source: Internet
Investment schemes like PPF and ELSS are investors’ favourite for varied reasons. Source: Internet
Some important exemptions, deductions available under Income-tax Act that the taxpayer will have to forgo will include – Investments in PPF, ELSS, Life insurance etc, and expense such as home loan repayments, tuition fees etc. Source: Internet
What sets these funds apart from the regular, diversified equity mutual funds is that ELSS will ensure tax exemptions and provide an opportunity for capital appreciation, says Lakshmi Iyer, Chief Investment Officer (Debt) and Head, Products, at Kotak AMC. Source: Internet
ELSS schemes invest your money in the stock market and hence have the potential to generate higher returns, as your risks are higher too. Source: Internet
Investing in ELSS to save taxes? Source: Internet