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ā¢ Around 61% of ELSS funds or tax saving schemes have failed to beat their respective benchmarks in the last five years.
ā¢ Only 13 out of 33 schemes managed to outperform their benchmarks, with SBI Long Term Equity Fund being the top performer.
ā¢ ELSS funds have a mandatory lock-in period of three years and invest in stocks, making them high-risk investments.