Some Good ELSS Funds

I want to make a lump sum investment of around Rs 30,000 in an ELSS fund. Please help me choose a good one.

- Brijesh Kumar Dembla

We advise you to spread your investment of Rs 30,000 over four or more installments via the systematic investment plans (SIPs) instead of parking your money in one go. That way you can get the benefit of rupee cost averaging.

You may choose to invest in any of these funds: Canara Robeco Equity Tax Saver, Fidelity Tax Advantage.

This article was originally published on December 17, 2009.