Mutual Fund Investment: Don't Confuse ELSS With SIP, Here's Why

Many investors looking to invest in mutual funds are quick to take the ELSS or ELSS via SIP route. Reason: ease of use and, most importantly, tax benefit. Investors often confuse SIP with ELSS. While ELSS or Equity-Linked Saving Scheme is a type of mutual fund that is eligible for tax exemption under Section 80C of the Income Tax (I-T) Act, SIP or Systematic Investment Plan is only a way of investing in a mutual fund. Simply put, the...