ELSS vs ULIP: Read this to know what will work for you this year
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Hong Kong, Feb. 18 -- If you are new to the world of investing, the first thing you need to do is not get intimidated by terms like Equity Linked Saving Schemes (ELSS) and Unit Linked Insurance Plans (ULIP). This article breaks down the terms and usefulness of both these market-linked instruments, to help you align your financial goals and also evaluate risks and returns.
Quite often millennials find themselves in a fix when it comes to choosing between ELSS and ULIP. Truth be told, the comparison between the two has been a long ongoing debate. However, it is like comparing chalk and cheese due to the basic differences between the two. So here's what you need to know before you put your money into either of them.
ELSS and ULIP are weigh...
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