An ELSS (Equity Linked Savings Scheme) is a tax-saving investment to achieve investor’s long-term goals such as your child’s education, a dream house, or peaceful retirement. Instruments like the PPF, EPF and NSC all have a minimum of five years lock-in period. An ELSS, on the other hand, has a lock-in period of just 3 years. However, investors who wish to invest in ELSS funds should be invested longer than 5 years to earn potential for risk-adjusted returns. Over the long term, ELSS funds have the potential to provide higher returns than any other tax-saving investment option.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.