Elss funds advice - Q & A Forum

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Dipa asked 9 years ago

Hi my bro annual income is 4.5lakhs.. He wants to invest in ELSS to save tax. An advisor suggested him these fund DSP BR tax saver HDFC Tax saver L & T tax advantage fund Icici pru LT equity fund Birla SL Tax Relief 96 Kindly tell me are these good fund. Also i checked the mf overlap tool as u always suggest and i found DSP BR has 40% overlap with L&T & hdfc. So should we avoide any of them based on this? Thank

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Sreekanth Staff answered 9 years ago

Hi, I believe that one or two ELSS funds are more than required.. He may consider Birla Tax relief and DSP Tax saver funds. Kindly read : https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/best-elss-funds-2017-2018/