I want to invest Rs 25,000 this year to save tax and confused about investing in Axis Long Term Equity or HDFC Taxsaver. Please suggest which fund to invest in?
- Krishan
Our view is to invest in a fund that has a performance history and track record, which favours investment in HDFC Taxsaver which is a 15-year old fund with a proven track record compared to Axis Long Term Equity, which is less than two years old.
This article was originally published on September 14, 2011.