Fundwire

SIPping the ELSS

In place of investing lump sums in tax-saving funds at the last moment, investors are increasingly adopting the SIP route

SIPping the ELSS

Equity-linked saving schemes (ELSS) have swiftly become a popular tax-saving destination. They have multiple factors working in their favour: good returns, transparent reporting, greater accountability, tax exemption up to Rs 1.5 lakh under Section 80C and shorter lock-in period of three years. Since ELSS funds are generally multi-cap, they allow investors to own a multi-cap portfolio of stocks across sectors.

Read this story and thousands more

Register for free on Value Research now to enjoy the lifetime access

Register Now right-arrow

Other Categories