What is ELSS & lock-in?

ELSS (Equity-Linked Savings Scheme) is an equity fund that offers a tax deduction under Section 80C, with a 3-year lock-in - the shortest among 80C options. A lock-in means units can't be redeemed before that period.

Because it's equity, returns are market-linked, so treat ELSS as a long-term investment, not just a March tax rush.