Which of these (ELSS, ULIP or SIP) can be good for long term investments?
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Which of these (ELSS, ULIP or SIP) can be good for long term investments?
All the above have different meaning -Quote:
Originally Posted by Raghuraj
ELSS - Equity linked Saving Scheme (Equity Tax Saving Fund)
ULIP - Unit Linked Insurance Plan
SIP - Systematic Investment Plan
Check your requirement and invest. Hope this helps.
ELSS - Tax saving MFs, In it money can be invested using SIP mode. Minimum three years lock in.Quote:
Originally Posted by Raghuraj
ULIP - ULIP is Insurance and Investment. In it long term (10 Years+) investment is good. Plus you will also get insurance.
So check what you are looking and than invest, after discussing with your investment planner.