To pick the best ELSS funds, different investors use different types of strategies. But it is always interesting to know where the top performer schemes are investing their funds. ET Markets analyzes the top 5 ELSS schemes of 2022 and the data suggest that most of these funds are betting on financial, technology, automobile, and FMCG sectors. (Data Source: ACE MF) The tax-saving mutual funds are essentially equity-linked saving schemes (ELSS) that offer tax benefits to investors under Section 80C of the Income Tax Act, of 1961. The lock-in period actually inculcates a good habit among investors to thrive for long-term investing while putting their money in an equity-related instrument.
