Equity-Linked Savings Scheme (ELSS): Section 80C Allows Dedu

Why is ELSS a preferred mode of investment? 
Investors have the flexibility to invest in ELSS mutual funds either through systematic investment plan (SIP) or by making lump sum investments. Capital appreciation potential, low lock-in period, as well as tax benefits have made ELSS mutual funds one of the preferred tax-saving investment options in recent times.
ELSS funds are also considered to be sustainable as people can plan for their futures while saving on taxes. It offers dual benefits of tax deductions and wealth creation over time. 
As compared to other tax-saving instruments such as fixed deposits (FD) or public provident funds (PPF), ELSS mutual funds stand out as its returns are generally higher, especially when markets are bullish.

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