In this tax-saving season, mutual fund advisors are struggling to deal with investors who are totally confused about how their investments in ELSS work. According to these advisors, the new investors have so many queries: how SIP works in an Equity Linked Saving Scheme (ELSS); when will the mandatory lock-in period end; how does one calculate the returns.
"New investors are confused about their staggered investments in tax-saving mutual funds. Many of them think that they can wit ..