Investing is like planting a tree – the sooner you start, the more fruitful it becomes. For wise investors looking to grow wealth, ELSS Funds are the answer. With a unique combination of tax benefits and market exposure, ELSS funds have gained popularity among investors in India. Recent statistics reveal that ELSS funds have consistently outperformed many other investment options in the Indian market, making them an enticing choice for those seeking the Best SIP in India. As the financial landscape evolves, embracing the potential of ELSS funds is not just a smart move, but a strategic one. If you’re ready to step into the world of ELSS funds and secure your financial future, this guide is here to lead the way. Understanding ELSS Funds ELSS, which stands for Equity-Linked Savings Scheme, is a type of Mutual Fund (MF) that primarily invests in equities. These funds combine the benefits of both tax-saving and wealth creation. They come with a lock-in period of three years, during which investors cannot redeem their units. ELSS Funds also offer the potential for higher returns compared to other tax-saving instruments like Fixed Deposits (FDs) or Public Provident Funds (PPF). Why ELSS Funds Shine Brightly Amongst Other Investment Options 1.Tax Standardisation ...
