Is it good to do SIP in ELSS?
Benefits of SIP A monthly SIP in an ELSS fund ensures that you invest a portion of your earnings while avoiding paying taxes. As a result, it instills the habit of frequent investment and ensures that your money works for you. Because ELSS is an equity investment, it is highly volatile in the near term.
Which is better SIP or ELSS?
Conclusion. ELSS is an investment vehicle in itself while SIP is not, it is instead a way of investing not only in ELSS but also in any other mutual fund. Therefore, ELSS cannot be compared with SIP as it’s not an apple to apple comparison.
Which ELSS should I invest in?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
| Mutual fund | 5 Yr. Returns | Rating |
|---|---|---|
| JM Tax Gain Fund – Growth | 19.21\% | NA |
| Canara Robeco Equity Tax Saver Fund – Direct Plan – Growth | 21.85\% | |
| Mirae Asset Tax Saver Fund – Direct Plan – Growth | 23.12\% | |
| Union Long Term Equity Fund Growth | 16.54\% | NA |
Which is more profitable SIP or lumpsum?
If you are an investor with a small but regular amount of money available for investment, SIPs can be a more suitable investment option. For investors with a relatively high investment amount and risk tolerance, lump-sum investments may be more beneficial.
Can I convert lump sum to SIP in ELSS?
ELSS, or Equity Linked Savings Scheme, is one of the most sought-after Mutual Fund schemes in the Indian financial market. Investment in ELSS can be made in 2 different ways; one can invest a lump sum amount all at once or follow a systematic investment plan (SIP) to grow their investment portfolio.
What is Blue Chip Fund?
Blue chip funds are equity mutual funds that invest in stocks of companies with large market capitalisation. These are well-established companies with a track record of performance over some time.