“All other Tax saving options have a lock in period of more than 3 years.” with “Equity Linked Saving Schemes (ELSS) have a lower lock-in period when compared to other tax saving investments.
ELSS offered by Mutual Funds come with three key advantages
1) They help save taxes
2) They help to create wealth
3) They come with a lower lock-in period of 3 years. Since ELSS has a low lock-in period and a potential for higher returns, these are quite popular.