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What is SIP with protection?
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[QUOTE="Nova, post: 67598, member: 25067"] The mutual funds which contain the insurance component in them are called ELSS. Which covers the insurance and the mutual fund included. They kind of often are safe and also we have to think of them from the investment angle. It is always better to go with the mutual funds which are kind of safer that way. I know few of them who have components of the insurance and some also have the health insurance and other options to choose the growth or the debt component. I think if some of the fund houses are accommodating like that. It can be beneficial as well. I know for sure that a lot of times such type of the fund houses always help you with choosing but make sure don't buy something you don't need at all. [/QUOTE]
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What is SIP with protection?
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