Tax saving is integral to efficient financial planning. And, for those looking to invest for long-term goals and also save tax at the same time, ELSS is the right choice. Let us discuss how to invest in it through SIPs:
Why invest in ELSS?
ELSS is an open-ended equity mutual fund that offers tax saving, along with an opportunity to grow your money over a period of time. It outperforms other options with lowest lock-in period and higher returns – ELSS involves a lock-in period of just 3 years, which is the lowest amongst other investment options such as PPF (15 years), Tax-saver FD, ULIP and NSC (5 years each).
