In the world of mutual fund investments, ELSS is a category of mutual funds that primarily invests in equity and equity-related instruments. What sets ELSS apart is its unique feature of offering tax benefits to investors like you. By investing in ELSS funds, you can claim deductions of up to Rs. 1.5 lakh from their taxable income in a financial year under section 80C, thereby reducing their tax liability. This makes ELSS mutual funds an excellent choice for individuals looking to diversify their investment portfolio while simultaneously enjoying tax advantages.