Finance

SYSTEMATIC INVESTMENT PLAN – SIP

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Systematic Investment Plan (SIP) is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund scheme periodically, at fixed intervals – say once a month, instead of making a lump-sum investment. The SIP instalment amount could be as little as Rs 500 per month. SIP is […]

Finance

Why ELSS is better than PPF? A Quick Guide

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If you are looking to make some investments to save tax, then you would have most certainly come across Section 80C of the Income Tax Act. This section offers tax deduction for investments made in certain financial instruments like Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), Tax saving FD, National Pension Scheme (NPS), etc. Each of […]