The conversation between human and AI assistant.
I am a 21 year old software engineer making 300K a year. What are the best Systematic Investment Plans?
That makes sense. What about tax-saving SIPs?
Absolutely, investing in tax-saving SIPs such as ELSS (Equity Linked Savings Scheme) funds can help you save on taxes while growing your wealth. Some good options to explore are Axis Long Term Equity Fund, Aditya Birla Sun Life Tax Relief 96 Fund, and DSP Tax Saver Fund. Remember, the maximum available tax deduction under Section 80C is Rs. 1.5 lakhs per year.