What is the difference between ELSS and mutual funds?

by varunsaini on Jan 13, 2023 Home & Family 495 Views

When you start investing, the most common investment tool being introduced to you will be mutual funds. Mutual funds are one of the most preferred investment options among investors all over the world. Mutual funds are nothing but pooled money invested in a variety of stocks, securities, and debts based on financial goals. 

Unlike other investment options, mutual funds are managed by experienced professionals. Moreover, mutual funds offer flexible options for everyone to invest in the form of lumpsum and SIPs. 

For instance, you can even start your SIP with as low as Rs.1000 per month and build your wealth bit by bit. Additionally, Mutual funds offer easy liquidity of the mutual fund units almost in a day or two except for the ELSS. ELSS are equity-linked saving schemes. The investments in ELSS up to Rs. 1.5 lakhs are tax deductible under Section 80C of the Income Tax Act. 

But the ELSS investments have a lock-in period of 3 years. These funds can be redeemed only after 3 years. Similar to other mutual funds, ELSS investments can also be done as lumpsum or SIPs based on your convenience. Therefore, if you are searching for a good investment product, start your mutual fund investment today!

Article source: https://article-realm.com/article/Home-Family/35212-What-is-the-difference-between-ELSS-and-mutual-funds.html

Comments

No comments have been left here yet. Be the first who will do it.
Safety

captchaPlease input letters you see on the image.
Click on image to redraw.

Reviews

Guest

Overall Rating:

Statistics

Members
Members: 17020
Publishing
Articles: 79,390
Categories: 202
Online
Active Users: 2522
Members: 9
Guests: 2513
Bots: 24349
Visits last 24h (live): 12154
Visits last 24h (bots): 51979

Latest Comments

Relocating can be exciting, but the planning process can definitely become stressful when unexpected costs and mistakes appear. I agree that careful preparation makes a huge difference, from...
This is an interesting discussion of the reported effects and differences between Golden Teacher and Penis Envy mushrooms. I appreciate how the article highlights that experiences can vary and...
Building a custom home is an exciting experience, but managing the budget carefully is essential to avoid unexpected financial stress. From my experience, setting a realistic budget before...
The Human Benchmark Reaction Time Test is an online tool designed to measure how quickly a person responds to a visual stimulus.
This platform sounds really promising! I love the focus on safety and diversity – it's so important in online dating. Wishing everyone the best of luck finding their match, maybe even some fellow...
on Sep 8, 2026 about Nordic Online Dating
I saw a friend try a potent herbal supplement, convinced it was a harmless pick-me-up. The experience quickly devolved into a Buckshot Roulette of panic attacks and unsettling hallucinations....
Take your plans to another level with a company which takes pride in excellence and refinement. We have received numerous compliment regarding sophistication level associated with Russian...
I found your insights on unconditional love within the context of chat line dating quite illuminating! How do you think cultural nuances influence these signs? In a way, seeking meaningful...
girl games online players looking for creativity can try Toca Boca World, where every character, room, and story can become part of a unique adventure.
on Sep 7, 2026 about Nordic Online Dating
If you are tired of paying for multiple OTT subscriptions just to watch your favourite movies, web series, and live sports, then Vedu App might be exactly what you have been looking for. I have...

Translate To: