Equity markets are at an all-time high and many investors are feeling jittery. For them, financial advisers are recommending Equity Saving Schemes (ESS). A relatively low-risk product that invests in a mix of stocks, debt and arbitrage opportunities is finding favour among investors who are worried about a possible market correction. ESS with 1/3 of their corpus in equity, arbitrage and debt is better placed to deal with any likely downside.