Here is an update on our suggested equity-linked saving schemes (ELSS) or best tax saver mutual fund schemes. There has been no change in the recommendation list for this month. It means that you can continue investing in these taxes-saving schemes and hold on to your assets. In the last one year, the ELSS category is in the unfavorable sector, returns yields of -7.92%. However, you should not be too worried about this short term results. If you have a higher risk tolerance and long-term financial objective, you may consider investing in ELSS funds to save on taxes. Investments in ELSS funds are eligible under Section 80C of the Income Tax Act for tax deductions of up to Rs 1.5 lakh. Our two suggested schemes of Aditya Birla Sun Life Tax Relief 96 and L&T Tax Advantage Fund, a term on short-term underperformance. Both these schemes have high mid-cap and small-cap stock exposures. This describes their decreased efficiency. Both of these schemes will continue to underperform until these sections bounce back. Although many market pundits have predicted a revival of small and mid-cap stocks, they are still sluggish mainly due to weak market sentiment. You can monitor this scheme carefully. Before investing in these schemes, investors should consider a few points: First, do not invest in ELSS as they have the potential to give better yields in the long term. You should invest in ELSS only if there is a risk appetite to invest in the equity scheme. Equity is risky; as you understand; in the short term, it can also be volatile. Of course, over a more extended period, it has the potential to produce better yields. However, investing in ELSS does not have to be just your criteria.