The last-minute tax-savers are rushing to their mutual fund advisors to invest a lumpsum in Equity Linked Saving Schemes or ELSSs. However, they are not apologetic about the lumpsum investment this year. They believe that the recent fall in the stock market is a great opportunity to make a lumpsum investment in equity schemes like ELSSs. Mutual fund advisors don't agree.
“We have no option but to go for lumpsum investments at this point. The investors stress on lumpsum because th ..