Yeah. But groww pushes you towards Growth option. For a lot of funds they say "Invest more not allowed". Also, redemption through them seems to take 3-4 days.
ELSS funds do not trade as ETFs, do they ? Generally ETFs should not have any lock in period, should be traded like equity scrips / BEES, right ?
ELSS funds do not trade as ETFs, do they ? Generally ETFs should not have any lock in period, should be traded like equity scrips / BEES, right ?
.. so I ALWAYS choose "Direct Option" .. as I don't want to reduce my profits by giving to a middleman. I would also encourage other to do the same .. and growth too.. as it is easier to keep track of.
ELSS is a mutual fund and have been allowed by Govt for Tax saving purposes. So they have a 3 year compulsory lock-in. If you try to sell.. it will show as greyed out. ELSS is not available with ETF's which is an "Exchange Traded Fund" (ETF) .. ETF's have no lock-in and no tax benefit.
.. but why are we looking for tax benefit in funds, basically we want our money to grow and not need to claim some tax deduction from there. ELSS investment is up to 1.5 Lacs only per year. .. so not really much that can be saved via this method ..
Last edited: