SIPs work just as efficiently in a tax-saving ELSS scheme. Imagine the scenario. It’s January and you’re rushing around to figure out how to save tax. And just like last year, you’ve decided to invest in a tax-saving ELSS scheme.
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If you think you’re saving well enough by putting your money in the bank’s savings account, you’re mildly, if not wildly, mistaken. The money in your bank is actually making you a loss. Sure, the money does earn interest, but the purchasing