Mutual fund advisors typically ask investors to start investing every month via SIP or systematic investment plan in tax saving schemes or ELSS funds to save taxes under Section 80C of the Income Tax Act. An ETMutualFunds study revealed that most SIP investments failed to offer benchmark returns in five years. Three ELSS funds underperformed their benchmarks by over 5 percentage points. Only 13 schemes out of total 33 schemes offered extra returns over their benchmarks.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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