A better way to make the most of ELSS funds is to adopt a long-term perspective. Instead of rushing at the end of the year, plan your investments at the beginning of the year and consider using Systematic Investment Plans (SIPs). By investing consistently throughout the year, you can minimize the impact of market ups and downs, potentially building more wealth over time.
In an effort to reduce taxes, a lot of investors place money into Equity Linked Savings Scheme funds toward the end of the fiscal year. This might not be regarded as an appropriate plan of action. Saving money on taxes is unquestionably a factor to take into account when investing in these products.
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