Hello friends.
I went through over many articles online regarding growth vs Dividend payout. I understand that ELSS funds are locked for 3 years so I cannot get my money back if needed for emergency. Hence I am thinking to Choose Dividend-Payout (not dividend reinvistment) SO that I can get some profit. If the money is not required, I can manually invest in ELSS or other Equity funds for growth.
Is this the correct method?
Thanks.
I went through over many articles online regarding growth vs Dividend payout. I understand that ELSS funds are locked for 3 years so I cannot get my money back if needed for emergency. Hence I am thinking to Choose Dividend-Payout (not dividend reinvistment) SO that I can get some profit. If the money is not required, I can manually invest in ELSS or other Equity funds for growth.
Is this the correct method?
Thanks.