ELSS Vs Gold Mutual Fund, here know how to start investing and save taxes

ELSS Vs Gold Mutual Fund: ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes. One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. whereas, gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500.