Many mutual fund advisors say ELSS or Equity Linked Saving Schemes are ideal for investors to begin their investments in equity mutual funds. They say the category, with its mandatory lock-in period and buy and hold investment strategy, is the best first mutual funds an investor can have. Is that so? What is so special about ELSS mutual funds?
One, let us examine the mandatory lock-in period. As you know, like every tax-saving investment option available under Section 80C, ELSS or tax s ..
