New Delhi, July 18 -- The Mirae Asset ELSS Tax Saver Fund is a popular investment option among investors aspiring to save tax and create wealth on a long term basis. This Equity Linked Savings Scheme (ELSS) comes with a three-year lock-in period and Section 80C benefits of up to Rs.1.5 lakh annually.

Vaibhav Shah, Head - Products, Business Strategy & International Business, Mirae Asset Investment Managers (India), says, "For individuals filing taxes under the old regime, investing in ELSS (Equity Linked Savings Scheme) funds can offer tax savings of up to Rs.46,800 per year on investments up to Rs.1.5 lakh, depending on their tax slab."

He further added, "Beyond tax benefits, ELSS funds also encourage disciplined investing due to their ...