Yes, mutual funds are ideal for beginners due to professional management, low entry requirements, and diversification.

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…