Multiple choice general knowledge In the context of Mutual Funds, ELSS means Endowment Linked Savings Scheme Equity Linked Savings Scheme Established Line Savings Scheme Entrepreneur Line Savings Scheme Reveal answer Fill a bubble to check yourself B Correct answer Explanation ELSS stands for Equity Linked Savings Scheme, a type of mutual fund that invests primarily in equities and offers tax benefits under Section 80C of the Income Tax Act. It has a mandatory 3-year lock-in period.