At Rs 3,240 crore, equity mutual funds in May 2023 declined drastically as compared to the previous month when inflows were recorded at Rs 5,275 crore. However, investments through the Systematic Investment Plan (SIP) route reached a record high of Rs 14,749 crore in May, compared to Rs 13,728 crore in April., Personal Finance News, Times Now
The 80C income tax section has many options and is thus crowded. With ELSS, it is easier to meet the required quantity of Rs 1.5 lakh for tax benefit in a financial year