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Hello fishes,
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Lol so true
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SIPs and lumpsum investments have differing lock-in periods; SIPs typically have a 3-year lock-in period that matures in stages, but lumpsum investments are unlocked all at once after 3 years.
For example, if you invest in an ELSS with a lumpsum deposit, your investment would mature all at once after 3 years, whereas SIP bonds will mature one by one (depending on the months of investment) once the 3-year period has passed.
For example, if an investor invests their entire cash in a three-year investment plan on September 1, 2019, all of the units would mature on September 1, 2022, and can be withdrawn at any time after that.
The situation will be different if you invest through a SIP. Every month, beginning on September 1, 2019, 1st October 2019, 1st November 2019, and so on, an investor deposits amount. The units purchased on September 1, 2019, will mature on September 1, 2022, 1st October 2019 will mature on 1st October 2022, and so on.
The situation will be different September 1, 2019.
Conclusion
The rules for investing in Mutual Fund schemes via Systematic Investment Plan or lumpsum payment are outlined. As an investor, you should examine your return expectations carefully before investing in either of the choices.
Choosing ELSS will allow you to take advantage of Section 80C tax benefits to the fullest extent possible. If you are investing at the end of a financial year or if you have a higher risk appetite, Lumpsum investments will be a better fit. SIPs, on the other hand, are excellent if you wish to avoid risks and have a consistent source of income.
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Published On September 6, 2021
Thanks that's something i dint knew
Axis small cap fund
It's for tax saving so need to invest a certain amount no choice.
also never do sip in ELSS , always do lumpsum as each SIP investment is locked for 3 years.
Means the first sip of 1000 you invested in march 21 can be selled in march24 and the second sip of 1000 in april 21 can be sold in april21
Best would be to put some initial amount as lumpsum and then continue monthly sip
Chief
I invest in the below ELSS:
Axis Long Term Equity
Canara Robeco Equity Tax Saver
Mirae Asset Tax Saver