Articles - Stocks
What is QIP - Meaning, Process and Benefits
In this article about QIP, learn the meaning of QIP, eligibility for going for a QIP and the process to follow for QIP while abiding with the regulatory norms.
Tax planning is best when aligned with your goals and long-term objectives. There is, in fact, one such investment option that provides you with both wealth creation and tax savings: ELSS tax saving funds. ELSS (Equity Linked Savings Scheme) can produce long-term results because it is an equity fund. The money can be invested in ELSS in two ways: in one go (lump sum) or over time (SIP). Let's look into both and see which one you can prefer.