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Stay Invested in these ELSS Funds

Birla Sun Life Tax Relief ’96 & SBI Magnum Tax Gain have both been doing well in recent times…

I had invested in Birla Sun Life Tax Relief ’96 and SBI Magnum Tax Gain in March 2008. Should I stay invested in these funds or redeem? -Ankur

SBI Magnum Tax Gain has seen an interim decline in performance between the time you invested in it and now. Currently, the fund is showing reasonable signs of recovery and is doing well. The same is the case with Birla Sun Life Tax Relief ’96.
If you need the money, you can redeem your investments. However, if you don’t need the money right now, you should stay invested in these funds. They’re likely to give you good returns going forward.

This article was originally published on March 28, 2013.

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