Why ELSS Should Be a Part of Your SIP Investment Strategy
The main asset class of ELSS mutual funds is the equities market, which has the ability to yield larger returns than conventional tax-saving alternatives. Although equity investments carry some risk, SIP investing helps reduce this risk by spreading out the investment cost over time. Since equity markets have historically outperformed other asset classes over the long term, ELSS is a viable option for investors seeking significant returns with a higher risk tolerance.
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