Five mistakes to avoid when investing in an ELSS fund

Here is a look at 5 key pitfalls investors need to avoid when selecting a tax-saver fund this season

With the tax-saving season having begun, a lot of people are looking at investing in equity-linked saving schemes (ELSS), where they can get equity-like returns along with the benefit of tax saving. However, investors also make a number of mistakes when investing in these funds. Here are some of the common ones that they should avoid.

Beginning late in the year: Many people start investing in ELSS funds only towards the end of the financial year, when the time for showing proof of investment is upon them. This is a poor strategy. One, it could lead to cash flow related