At DBS Treasures, you can invest in Equity-linked Savings Schemes and get a tax benefit under section 80C of the Income Tax Act.
Under an ELSS, your funds are handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act, you can invest up to Rs. 1.5 lakh in a financial year for tax benefits.
While you can invest a lumpsum amount, it’s always advisable to invest in SIPs, as investing in a SIP gives you an advantage of rupee cost averaging, as well as reduces the stress of arranging a huge sum at one go to save tax.
Anyone who wishes to reduce income tax payment by investing under Section 80C of the Income Tax Act. However, it's advisable to invest in ELSS only if you are open to risk.