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Should I mMove from equity funds to ELSS for tax saving ?

Hi Friends,

with the increased 80c investments, does it make sense to redeem some equity funds from portfolio and invest in ELSS. for example, I redeem from an equity fund say Franklin bluechip (investing from last 3 years) and invest in a good large cap based ELSS where I get equity based returns as well as tax exemption. please advise.

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