Amit Kumar Singh
April 17, 2012 6:16 pm
Could you please suggest top 3 ELSS mutual funds for investment of 10 years?
Dear Amit, May I know the reason of investing in 3 tax saving funds? Out of the total available limit of 1L Rs. under section 80C, how much money ‘ll you going to invest in Tax saving funds & how much in other options like PF, PPF, Life Insurance……….?
I am not going to invest in 3 tax saving funds. I will invest in only one. I have asked for 3 top mfs because out of these 3, I will decide to invest in one.
So far as break up of my 1L investment in various tax saving instruments is concerned, it is as follows:
1. Life Insurance : Rs. 25000
2. Mutual Funds : Rs. 20000
3. EPF : Rs. 45000
4. Fixed deposit : Rs. 10000
Dear Amit, please invest in HDFC Tax saver with 2K SIP.
And no, you need not put your money for 10 years in ELSS.
I know that locking period is 3 years only. But I will remain invested if there will be better return in long term.
Why don’t you choose one, and ask us, if that is good or not?
I will go for Franklin’s tax saver fund.
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