Equity savings funds invest about 20-40% in equities, 30-35% in arbitrage opportunities and the remaining in debt. They are meant to be an alternative to regular income type debt schemes and even fixed deposits, and are gaining popularity in recent times. This is because equity savings funds attract equity taxation which is lower than tax rates levied on debt funds and FDs.
SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
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