I am planning to start a long term (3 – 5 years) SIP in an equity MF. I have decided on the Quantum AMC but am confused between the long term equity fund (growth) and the tax saving fund. Except for the lock-in period, there are no major differences. The long term fund has exit charges for upto 2 years and tax saver has no exit charges. I can also get the tax exemption till the DTC is actually implemented.
How do I choose between the two funds? Also, what happenes to the ELSS once the DTC arrives, do the schemes continue but for the tax benefit?
Thanks