Which are the best ELSS funds to invest?
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You can invest in Equity Linked Saving Schemes (ELSSs) or tax saving/planning mutual funds to save taxes of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. These schemes invest in stocks. So, they are riskier than other traditional investment options available under Section 80C. However, they can also reward you handsomely for the extra risk. You may invest in them with an investment horizon of five to seven years, provided you can stomach some risk. ELSS category has offered around 20.17 per cent in the last five years, 12.02 per cent in the last 10 years.
Here are our recommended ELSS: Best tax saving schemes or ELSS to invest in 2018.
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