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?
Does investing in ELSS have any conditions that I have to fulfill?
Yes, to avail tax benefits under Section 80C, you need to stay invested for a minimum of three years. Also, ELSS has a lock-in period of three years, which means you cannot withdraw your money before that.