Should I invest only in ELSS for savings and returns, or are there other funds I should look into?

ELSS funds are great way to save tax upto Rs 46,350 (if you invest Rs 1.5 lakhs) and invest for the long run. When you invest in Direct Plans of these funds through a good direct mutual fund platform, you get an extra upto Rs 7,000 off by avoiding commissions.

ELSS funds have a 3 year lockin. Therefore if you want liquidity in the interim, then you can invest inBalanced Funds or Liquid funds depending on your risk appetite.

Read more:

What are the best ELSS mutual funds to cover under section 80C? Is it wise to invest Rs.3000/ in SIP in top 2 funds (3000 each)?

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ELSS is the only 80C option that also builds long-term wealth — with the shortest lock-in (3 years) and equity-level returns. See your tax saving and projected corpus with our ELSS calculator.

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