Where to start your investment journey?
This is among the most frequently asked questions to financial advisors and others associated with the financial services sector. The correct answer is not one-size-fits-all. It would definitely depend on your own circumstances like risk appetite and financial goals. That being said, if one of the objectives is also to optimize taxes along with investing, ELSS or Equity Linked Savings Schemes can be a good starting point. It is an equally good option for both new investors as well as experienced investors looking to add the flavour of equities to their tax-optimized portfolio, with the sight set on long-term financial goals.
What is ELSS?
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