What are ELSS funds, and how can the ELSS statement be downloaded?

Equity-Linked Savings Schemes (ELSS) are diversified equity mutual fund schemes offered by Asset Management Companies (AMCs) in India.

They offer tax benefits under Section 80C of the Income Tax Act 1961. Investments can be made using a Systematic Investment Plan (SIP) or lump sum investment options. To learn more, see What is an SIP? and What is a lump-sum investment?

There is a 3-year lock-in period for ELSS mutual funds from the date of purchase. A lock-in period is a duration during which mutual fund units cannot be redeemed or transferred.

A tax deduction of up to ₹1,50,000 can be claimed during the lock-in period. The profits are subject to long-term tax gains (LTCG). See How does taxation work for Mutual Fund investments?

To get the statement for ELSS investments, follow these steps:

1. Login to coin.zerodha.com.
2. Click on Mutual funds.
3. Click on ELSS statement and select the financial year.
   

Here is an example of an ELSS statement. The ELSS mutual fund units will be displayed in the statement after they are settled in the demat account on T+2 day.

The ELSS statement can also be downloaded by visiting console.zerodha.com/dashboard, and following these steps:

1. Click on Reports.
2. Click on Downloads.
3. From the drop-down menu, select ELSS statement , the financial year and click on Download.