With markets being bullish, investing in ELSS should be your next option

Key Highlights

• For long term investors Equity Mutual Funds are good to invest at the point when markets are at peak
• ELSS can give you returns between 12-13%
• ELSS offers the added advantage of providing returns and offer an avenue for saving tax

Domestic markets are bullish and from past one week the indices have been touching peaks during intra-day trade. While BSE Sensex crossed 32,000-mark, NSE Nifty managed to surpass 10,000-level last week. 

As the markets are at all time high, the equities investors are earning huge returns. 

However, if you are planning to enter the market now and at the same time not ready to take risk, there is one option which can help you in earning equity like returns. Here, we are talking about Equity Linked Saving Scheme (ELSS). 

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ELSS are a form of open ended mutual funds. These schemes are fast becoming a popular choice for not just creating a savings but also double as a viable form of investments that provide a profitable return.