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I wish to invest lumpsum amounts in ELSS and Monthly Income Plans of mutual funds. I understand that the SIP route is the better option, but since I am 67, I find it difficult to keep track of SIPs. Can I invest lumpsums in ELSS funds (for tax saving) and MIPs for income? If yes, please suggest funds. I am in the 30 per cent tax slab.Ramanarayanan ARAs you have not stated the specific goals for...
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