ETMarkets used ET Mutual Screeners to analyze the top five equity-linked savings plans (ELSS) over the past year and found that all five have produced good CAGR returns of over 25% over the past three years. Tax-saving mutual funds, which invest at least 80% of assets in equities, are essentially ELSS that offer tax benefits to investors under Section 80C of the Income Tax Act, 1961. The lock-in period instills a good habit among investors to aim for long-term investing.
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