5 common myths about ELSS investments

The net Assets Under Management (AUM) of open-ended equity mutual funds in India as on 30th November 2021 is Rs. 12,78,248.76 crore. Out of this, Rs. 1,46,246.60 crore is the AUM of ELSS funds. ELSS mutual funds or Equity-linked Saving Scheme is a type of equity mutual fund that is becoming popular with investors because of the dual benefits it offers. You can invest in it to grow your wealth while at the same time use it for tax-saving purposes. However, there are many misconceptions about ELSS investments out there that you need to unlearn if you have come across them already. These myths about ELSS, if not busted, may stop you from investing in ELSS mutual funds in a beneficial and effective way.