I am planning to invest Rs 2,500 each in two ELSS by SIP. I found Canara Rebeco Equity Tax Saver, Fidelity Tax Advantage and HDFC Tax Saver as good performing ELSS on Value Research. I need your suggestion on which funds?
- Mukul
Having decided to invest Rs 2,500 SIP in two ELSS funds you have embarked on the first step of having an investment plan. The next step involves fund selection and you have short-listed three funds to select. As all the three selected funds are highly rated and have been consistent performers with a history and track record; you may invest in any of them. However, you should be aware that investments in ELSS come with a 3-year lock-in, which is applicable for each SIP investment.
This article was originally published on March 30, 2011.
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