Equity Linked Saving Schemes - or ELSS - are a type of tax saving mutual fund investment.A mutual fund investment pools money from many investors and attempts to reward them with profit. This profit is generated through investments in companies and income-generating opportunities. The profits earned by the fund scheme are distributed amongst the investors in the form of regular payouts or a large one-time payment at the end of the fund's tenure. https://www.fundsindia.com/elss.html