Equity Linked Saving Scheme (ELSS) is an investment option that allows investors to save taxes and build long-term wealth. Investing in ELSS funds offers tax benefits under Section 80C of the Income Tax Act, high returns, investment diversification, and the power of compounding. The best ELSS funds to invest in are the Mirae Asset Tax Saver Fund, Axis Long Term Equity Fund, and Aditya Birla Sun Life Tax Relief 96 Fund. The best way to invest in ELSS funds is through SIP, as it averages out the cost of investment and promotes long-term wealth creation.


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