We are well past half year in FY18-19, and this is the time to consider various tax-saving avenues available under Section 80C. You might have heard of the popular tax-saving options like Public Provident Fund (PPF), Employees Provident Fund (EPF), bank fixed deposits, Unit Linked Insurance Plans (ULIPs), National Savings Certificate (NSC) and others. Amongst all these, equity linked savings scheme (ELSS) has gained popularity owing to a range of benefits that it offers over other alternatives.
ELSS essentially invests in the equity markets, you can expect them to earn higher returns vis-a-vis other tax-saving investment options, especially from the point of view of a long-term investor. Hence, by investing in ELSS funds, you not only save tax but also make a higher gains on your investment