ELSS has some advantages over other investments and people with moderate to high risk appetite should consider them seriously, which are listed below.

· Lock-in period of 3 years.

· SIP (Systematic Investment Planning) available

· Diversified equity investments

· Different funds for different risk profiles in terms of exposure to large cap, mid cap and small cap

· Dividend paid out is tax exempt

· At maturity the proceeds are exempt from long term capital gains tax