ilmscore | Prediction Details
"ELSS has a lock-in period of one year, did you know this? Yes sir, I knew, but it doesn't mean that you have to invest for 3 years. It means that whenever you invest, whatever amount you invest, it remains locked in for 3 years. Yes sir, now if you feel that these ELSS funds are not performing as well as I could have got by investing in some other mutual fund or some other type of mutual fund or some other category of mutual fund, then you can stop this SIP. Why? Because you will not get any benefit from them if you move to the new tax regime."
By warikoo | December 14, 2024 | Pending
From video
Managing INVESTMENTS and a LOAN | Money Matters Ep. 40 | Ankur Warikoo Hindi 00:22:25 - 00:23:06
Interpreted Prediction
If Shubham shifts to the new tax regime, he should stop his ELSS SIPs as they offer no benefit and have a 3-year lock-in period, potentially hindering investment in better-performing funds.

Prediction Details

Topic
ELSS (Equity Linked Savings Scheme)

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