Looking to save tax and grow wealth? Check what ELSS funds are, their full form, benefits, and the top ELSS funds to invest in for 2025. Ideal for smart long-term investors. ELSS full form is Equity Linked Savings Scheme and is a category of tax saving mutual fund scheme. To gain better insight into its features & benefits, read here. Guide to ELSS and its meaning/full form. We explain it with examples, features, advantages, disadvantages, and comparison with PPF. What are ELSS funds? An Equity Linked Savings Scheme (ELSS) fund is a type of mutual fund that invests primarily (a minimum of 80%) in equities and equity-related instruments. The fund manager can invest in stocks across market capitalisations - large-cap, mid-cap, and small-cap - and in a specific percentage that depends on the investment objective of each scheme.
