The case for the ELSS fund is very simple, very compelling.
This is the only tax saving avenue which gets you growth Everything else gets you fixed income
Here, you have the potential to become wealthy over time Second is that, because you invest in a tax saving fund and it is an equity fund,
you get stuck for three years because that is the design of it And when you get stuck for three years, you end up being a winner Because the real problem of investor not winning with mutual fund or equity fund is that they come in some weather when it is very exciting,
and then it becomes very unexciting They lose, they get disappointed If some rule is framed that the first investment in equity should be in a tax saving fund,
it may not be a bad idea Because most of the time, investors hurt themselves by having a short term timeframe, looking at NAV every day, investing in a thematic fund, investing in something exciting which is not exciting This is the finest vehicle for acclimatising yourself with equities