Looking for tax-saving options? Select ELSS with varied investment styles

This will ensure at least one of your funds performs in any market condition

With about one and a half months left for the financial year to end, investors who have not made their tax-saving investments need to do so at the earliest. One product they should consider is equity-linked savings scheme (ELSS), also known as taxsaver funds. Since ELSS is often the first equity fund category that young investors invest in, they should choose their fund carefully, so that their initial experience in equity investing is good and they get hooked to this asset class for the long term.

ELSS is eligible for tax deduction under Section 80C up to Rs 1.5 lakh. In