Should you withdraw from your tax-saving funds (ELSS or Equity-Linked Savings Schemes) after the mandatory 3-year lock-in period? Investments in ELSS up to Rs 1.5 lakh gets you income-tax deduction benefits. But fund managers and financial advisors have often nudged investors to use ELSS for wealth creation as well, and not just for tax-savings. Data shows that ELSS have proved to be just as beneficial as any diversified equity fund over the long run, say for 7-10 years.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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