Investment in Tax Saving funds for 3- year lock-in periods offer tax free redemption. The funds in this categories managed by the fund manager. One of the main advantage is to invest in ELSS fund is provides discipline among equity investors. The other main benefits of ELSS are the lock-in period is only for 3 years and other schemes like FD’s and NSC have more than 3 years of lock-in period. Investing in tax saving funds online that means tax deduction under section 80c. So if you are a tax payer no need to wait for a financial year, start investing for tax saving and wealth creation simultaneously.