If you are looking for a smart way to save tax while earning good returns, ELSS Mutual Funds can be a great option. These funds allow you to claim deductions of up to ₹1.5 lakh under Section 80C and have the shortest lock-in period among tax-saving investments.
Why Choose ELSS Funds?
1. High Return Potential – Invests in equity for long-term wealth creation
2. Short Lock-in Period – Only 3 years, compared to 5-15 years in other tax-saving options
3. Flexibility – You can invest via SIP or lumpsum