In a rising market, your lumpsum investments in ELSS funds will produce higher returns than SIPs. That’s because the cost of purchase in a lumpsum investment in a rising market would always be lower than the average cost of purchase in SIP, which is spread out across higher and higher p...
If you opt forEquity Mutual FundSIPs, the short-term capital gains (STCG) on redeeming the investment If you redeem your investment after one year, you become eligible for Long-term capital gains (LTCG), which are tax-free up to INR 1 Lakh. You must . In the case of Debt Mutual Fund...
As noted earlier, ELSS has a lock-in period of three years. SIPs mature sequentially based on the months of investment, whereas lump sums mature at one go. Conclusion Before youinvest in mutual funds, know the features of SIPs and lump sums to identify the option that suits your investment...