ELSS is one of the most popular instruments covered under Section 80C of the Income Tax Act.
The benefit of liquidity is available in all open-ended schemes, except ELSS schemes
For a first time investor, you should look at the amount of money you can invest each month
Preferably, you should stop SIPs in this ELSS and have lump sum investments instead
The only difference between a diversified equity scheme and an ELSS is that the latter offers tax benefits
ELSS funds are diversified equity funds which have a three-year lock-in period on the investment
Given your investment time frame, it would be a good idea to consider ELSS over PPF
Three year lock-in, when investing in an ELSS gives sufficient time for the fund to gain from the market movements