Question

What is the key feature of Equity-linked Savings Scheme (ELSS)?

a.

They offer regular income

b.

They have a lock-in period of three years

c.

They invest in both equity and debt

d.

They focus on tax-benefits

Posted under IC 89 Management Accounting

Answer: (b).They have a lock-in period of three years Explanation:ELSS is an equity fund offering tax benefits, and investments in ELSS are subject to a lock-in period of three years.

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Q. What is the key feature of Equity-linked Savings Scheme (ELSS)?
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