ELSS provide dual advantage of tax benefits and Wealth Creation. It not only allows you to save taxes but also grow your money
Capital Gains on ELSS is long term due to 3-year lock-in period. Gains above Rs 1,00,000 in ELSS will be taxed lower when compared to short-term capital gains.
Better choice in terms of lock-in period as compared to other investment instruments such as 15 years in a PPF or 5 years in a FD.
ELSS generally gives higher returns to the investors as compared to other saving schemes such as PPF, Fixed Deposit, NSC.