
Investing in Equity Linked Savings Schemes (ELSS) is a smart way for Indian investors to grow their wealth and enjoy tax benefits under Section 80C of the Income Tax Act. ELSS funds offer the dual advantage of capital appreciation and tax savings.
However, when investing in ELSS, you may face a crucial decision: Have you considered whether a lumpsum investment or a systematic investment plan (SIP) would be the better choice for you?
Understanding ELSS tax benefits
Understanding ELSS tax benefits is crucial before diving into the SIP vs lumpsum debate. Under Section 80C of the Income Tax Act, investments …