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What is the difference between ELSS and SIP? Which is the most preferred to get high returns on monthly investment of 3K-5K?
Can you tell me what is the difference between ELSS and SIP?
ELSS (Equity-Linked Saving Scheme) is a type of mutual fund that comes with a tax-saving benefit under Section 80C of the Income Tax Act, while SIP (Systematic Investment Plan) is a method of investing in mutual funds where you invest a fixed amount at regular intervals.