well, because of the fact that there is a 3 year lock-in period, they are likely to perform better than other diversified funds and on average basis they do so. Dont worry about fund not performing well.
The entry load is same whether it is lump-sum or SIP. 2.25%
If you have lump sum, may be you can reduce SIP to 6 months instead of an year. ie, for 10,000 you can invest about 1700 every month for next 6 months. So you can withdraw funds within 6 months.
If you have monthly income, best thing will be to find out how much you will save every month (for tax purposes) and saving that part in a ELSS via SIP works best for you,
The entry load is same whether it is lump-sum or SIP. 2.25%
If you have lump sum, may be you can reduce SIP to 6 months instead of an year. ie, for 10,000 you can invest about 1700 every month for next 6 months. So you can withdraw funds within 6 months.
If you have monthly income, best thing will be to find out how much you will save every month (for tax purposes) and saving that part in a ELSS via SIP works best for you,