The combination of equity and tax-saving makes ELSS an ideal gateway to equity.
There are many kinds of mutual funds and clearly, not all are suitable for every investor. However, ELSS funds are probably an exception. Everyone who is eligible for ELSS tax savings should invest in them.
The benefits of ELSS go far beyond just the tax you save, or even the gains you make from the fund itself. ELSS funds' role as a gateway to equity investments make them invaluable for everyone.