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:
    August 12, 2014 at 9:46 pm

    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.

    Reply
  2. Venkat A says:
    August 11, 2014 at 6:12 am

    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 …

    Reply
    1. Hemanth Chandra says:
      August 12, 2014 at 7:47 pm

      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

      Reply
  3. Hemanth Chandra says:
    August 9, 2014 at 12:23 pm

    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.

    Reply
  4. Sumit says:
    August 9, 2014 at 1:07 am

    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.

    Reply

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