Equity Linked Saving Schemes ( ELSS ) or tax planning mutual fund schemes are ideal to save taxes up to Rs 1.5 lakh under Section 80C. Well, to begin with, ELSSs come with a shortest mandatory lock-in period of three years. If it is performing well, you can hold to it to achieve your financial goal.Also Read: Best Midcap Mutual Funds to invest in 2018 Here are our recommended ELSS fund you can invest in 2018. As said before, invest with a long horizon to achieve a long-term financial goal.ET.com Mutual Funds has employed the following parameters for shortlisting the mutual fund schemes.1. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM).

Source: Economic Times January 19, 2018 06:45 UTC