Second ELSS to pick for 2014-15 , which one should I buy ?

POSTED BY Venkat A ON August 8, 2014 8:58 pm COMMENTS (5)

Hi Everyone,

I have invested in Axis Long Term Equity (G) last year as part of my tax planning. I again in need of investing for tax planning  in 2014 to 15. I considered below to invest in this year . Could you please suggest me these two are worth to hold for very long term ?

I also would like to invest in lump sum as each SIP gets locked in for 3 years.

  • ICICI Pru Tax Plan
  • Reliance Tax Saver (ELSS) (G)
  • Or Should i consider adding the amount to AXIS Long term MF it self ?

I see Reliance Tax Saver has high returns over ICICI one but it has many ups an downs on NAV history.

Your comments are much appreciated.

5 replies on this article “Second ELSS to pick for 2014-15 , which one should I buy ?”

  1. Venkat A says:

    Thank You Hemanth for the link,

    Based on excel data, there will not be much difference in terms of failure among those 3 MFs.

    So am looking with AXIS with a different plan on same LTEF now

    Earlier i took Axis Long Term Equity Fund Growth plan but now i would like to go with Axis Long Term Equity Fund DIRECT Growth Growth plan.

    Please suggest me if that is okay as any how i have to keep that for minimum of 3 yrs period.

  2. Venkat A says:

    Thanks for the comments… Am just thinking that I might be taking some risk by choosing the same plan second time..so thought of investing in second AMC for minimising single point of failure/loss …

    1. Hemanth Chandra says:

      Then invest in multiple funds…. Also the overlapp b/w these funds is also very low.

      You can find the overlap by the excel in this link.
      http://freefincal.com/mutual-fund-portfolio-overlap-checker/

      better invest lumpsum in ELSS instead of SIP

  3. Hemanth Chandra says:

    Invest in Axis LTEF only…. they are all performing in the similar fashion…. also you can track at one place only…. no need to track from 2 different websites…. Keep it simple.

  4. Sumit says:

    You have done your research, so you only can decide where you are comfortable.

    If you want to divide within 2 ELSS, better to put 60-70% in AXIS LTEF,
    and rest 30% can be wither put in Reliance or ICICI Pru.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today