Investing Insights

Top 5 Best ELSS Tax Saving Mutual Funds to Invest in 2018

Of late, ELSS (Equity Linked Savings Schemes) Tax Saving Mutual Funds have gained prominence, largely propelled by an increasing awareness regarding the poor returns afforded by traditional life insurance policies. ELSS, though risky, provide investors with the chance of earning significantly higher returns than Life Insurance and other traditional instruments over a 5 to 7-year time horizon.

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Top Advantages of ELSS Mutual Funds

With the AMFI creating widespread awareness about Mutual Funds through its ubiquitous “Mutual Funds Sahi Hai” campaign, ELSS (Equity Linked Savings Funds) have gained in popularity in the past few months. Many investors made the smart move of starting a Mutual Fund SIP in an ELSS at the start of the Financial Year itself, thereby having achieved their Section 80 C targets with relative ease.