Being a beginner how to invest for tax saving

Great to note that you want to invest in mutual funds from such an early age. Being a moderate risk taker and wishing to save taxes on your investments, Equity linked savings schemes (ELSS) can be the best option for you.

ELSS are the best tax saving option as returns from these funds are much superior than that of traditional tax saving instruments. For example - ELSS category of funds have given over 17% annualised returns in the last 5 years.

However, ELSS funds are locked-in for 3 years and therefore you need to have a minimum 3 years investment horizon for investing in ELSS funds.

Hope the above helps! Wishing you happy investing :)