The conversation between human and AI assistant.
What is the difference between ELSS and SIP? Which is the most preferred to get high returns on monthly investment of 3K-5K?
Which one is more preferred to get high returns on monthly investment of 3K-5K?
ELSS has the potential to give higher returns compared to SIP, but it also has higher risk due to its equity exposure. It depends on your risk appetite and financial goals. If you have a long-term investment horizon and can tolerate the volatile nature of equity markets, ELSS can be a good option. Otherwise, SIP can help you achieve your goals at lower risk.