A lock-in period is the minimum duration you must hold your investment before you can redeem it. For example: ELSS funds have a 3-year lock-in period. Most other funds don’t…
ELSS (Equity Linked Savings Scheme) is a tax-saving mutual fund that invests primarily in equities. It offers tax deductions under Section 80C of the Income Tax Act (India) and has…
SIP (Systematic Investment Plan): Invest small amounts periodically, promoting discipline and rupee cost averaging. Lump Sum: Invest a large amount at once, suitable for those with significant capital.
