A mutual fund is a financial vehicle that pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to produce capital gains or income for the fund’s investors. A mutual fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus.
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ELSS stands for Equity Linked Savings Scheme is an open-ended equity mutual fund with income tax benefits under Section 80C of the Income Tax Act.
ELSS invests majority of investments into equity and equity related assets and hence it is classified as “Equity” mutual fund.
ELSS is considered under “high risk, high returns” category of investments.
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Mutual Fund is a trust that collects money from many investors and invest in various asset classes (equity, debt, liquid asset, etc). It is called
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