Tax saving mutual fund, also known as ELSS, help investors reduce their tax liability while earning market-linked returns. By investing in ELSS, you can claim a tax deduction of up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. The three-year lock-in period is shorter than other tax-saving options like PPF and NSC, providing greater liquidity. ELSS primarily invests in equities, offering higher returns than traditional tax-saving instruments. Additionally, SIP investments allow investors to systematically grow their wealth while minimizing market risks. Long-term capital gains (LTCG) on ELSS investments above ₹1 lakh are taxed at 10%, making it a tax-efficient investment option. Whether you are a first-time investor or an experienced one, tax saving mutual funds offer the perfect balance of tax efficiency and financial growth. Start investing today to make the most of your tax-saving benefits.