Four Equity linked Savings Schemes to invest this year

Are you planning to invest in Equity Linked Savings Schemes (ELSSs) in this tax saving season? Well, you have picked up the right instrument to save taxes under Section 80C of the Income Tax Act. Investments in them qualify for a maximum tax deduction of up to Rs 1.5 lakh and they have a very short mandatory lock-in period of three years. Also, ELSSs invest in equities which make them the best investment option to build wealth over a long period. Equities have the potential to offer superior ret ..