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Most investors look at Equity Linked Savings Schemes (ELSS) as a tax saving product and rush to invest in ELSS at the end of the financial year to save tax. Ideally, the ELSS scheme is a potential long-term wealth creator. An equity-oriented portfolio helps deliver inflation-beating returns over the long term. A better way for salaried investors to invest in ELSS is to start monthly SIP at any time. SIP allows you to invest in small amounts and get tax benefits along with wealth creation opportunities. You can refer to MC30, a curated basket of eligible mutual fund investments that brings you two ELSS schemes that can help you generate wealth while saving tax.
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