If you are looking to invest in equity linked savings schemes (ELSS) as part of your tax-planning, make sure that you do the due diligence when selecting them. Investors need to be cautious when selecting tax-saving funds, say experts. “Since there is a 3-year lock-in period, you need to be extra careful when picking ELSS schemes. It is better to opt for schemes with sizeable assets under management (AUM) from established fund houses,” says Shilpa Wagh, a Sebi-registered investment adviser and financial planner.
