What is a significant feature of ELSS funds that encourages disciplined long-term investment? Option: High dividend payouts, Guaranteed returns, The lock-in period, Tax-free withdrawals after maturity

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What is a significant feature of ELSS funds that encourages disciplined long-term investment?

High dividend payouts

Guaranteed returns

The lock-in period

Tax-free withdrawals after maturity

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What is the primary purpose of the lock-in period in ELSS and ULIP?

To allow investors to reap long-term investment benefits.

To prevent premature withdrawal of funds.

All of the above

To ensure investors stay invested for a longer term.

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What is a significant advantage of ELSS for investors with regular income?

It restricts investments to a fixed amount determined at the start

It offers guaranteed returns, regardless of market fluctuations

It allows for lump-sum investments only

It provides the flexibility of investing through a Systematic Investment Plan (SIP)

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What investment strategy can be used with ELSS for disciplined investing?

"Dollar-cost averaging"

"Value investing"

"Lump sum investment"

"Systematic Investment Plan (SIP)"

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What is the primary difference between ELSS and ULIP?

ELSS invests primarily in equity, while ULIP offers a mix of investment options.

All of the above

ELSS is a type of mutual fund, while ULIP is an insurance product.

ELSS has a shorter lock-in period than ULIP.

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What is a key factor to consider when choosing between NPS and ELSS, besides tax benefits?

Individual risk tolerance and financial goals

Investor's fashion preferences

Current real estate market trends

Popularity of specific brands