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Is ELSS a secure way to make Savings?
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[QUOTE="Yusra3, post: 308099, member: 31907"] ELSS is a secure way to make savings. It is a type of mutual fund that is made up of large stocks of reputed companies and is managed by a team of professionals. It gives you the opportunity to invest in a diverse portfolio, which includes large-cap stocks, mid-cap stocks and small-cap stocks. You can choose your own investment amount and time frame. The fund also offers tax benefits on your investment and provides you with complete transparency regarding the performance of your investments. The ELSS has been around since 2000 when it was introduced by Reliance Asset Management Company Limited (RAMCO). Since then it has grown into India’s largest Pension Fund with over Rs 15 lakh crore under management. It is currently ranked among the top 10 Mutual Funds in India by SEBI's ranking system (Tier I category). [/QUOTE]
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Is ELSS a secure way to make Savings?
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