ELSS funds are just like other equity funds but come with a lock-in and provide tax deduction benefit. If you are exhausting your Section 80C deduction limit with other products and think you have the discipline to stay invested in equities for the long term, you may not need an ELSS fund. However, if you have the required risk appetite and are looking for a tax-saving option with equity exposure, ELSS funds with a good track record can be a good option for wealth creation.