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ELSS mutual funds are famously known for their tax-saving features in addition to being one of the sought-after mutual fund categories. Under Section 80C of the Income Tax Act, taxpayers can save up to Rs. 1.5Lakh in deduction from income tax returns after investing in ELSS. Investing in these mutual funds is an attractive option for those looking for high returns in the long term and tax savings. Moreover, other tax saving options under Section 80C have a higher lock-in period, ELSS Funds have a short lock-in period of 3 years ... more