SIP route little used for tax saving funds

While equity MFs get SIP inflow of Rs 4k cr a month, only a tiny part of this is invested in ELSS

Manjula Prasad, 47, a Raipur-based mutual fund (MF) investor, is by profession a teacher in a government school. Last week, she rushed to her MF advisor on investing a sum of Rs 50,000 in a way to save on tax, under Section 80C of the Income Tax Act.

Due to the late decision, she ended up investing in a scheme where the net asset value (NAV) was at a 52-week high. There are several such people, who they tend to invest a large amount at the end of every financial year, instead of spreading their investments through the period via monthly