ELSS schemes have superior product features than other tax saving investment options under Section 80C like PPF, ULIP, NSC and tax saving bank FDs.
Higher returns: Even though equities as an asset class can be very volatile in the short term, they usually beat other asset classes including the fixed income asset class by a wide margin over the long term. Hence, being invested in equities, ELSS funds have the potential to generate higher returns other Section 80C instruments like Public Provident Fund (PPF), National Savings Certificate (NSC) and tax saving bank fixed deposits over the long term.
Key question is : Which is the best one to invest ?
I invite discussion among the group, to get a better understanding on ELSS