ELSS ( Tax saving mutual funds)

Q & A Forum › Category: Mutual Funds › ELSS ( Tax saving mutual funds)

Ashish Shrivastava asked 8 years ago

Dear Sir, I am investing in following mutual fund through NJ client for tax saving purpose. 1) Kotak Tax Saver – 4500/month 2) Reliance Tax saver – 3500/month 3) Motilal oswal long term tax – 3500/month Could you please let me know if selection of fund is good or it needs to change ? Thanks & Regards Ashish Shrivastava

2 Answers

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Sreekanth Staff answered 8 years ago

Hi, May I know if you hold any other MF schemes as well, besides above three ??

ashish replied 8 years ago

Hi Sir,

Here is my investment details in MF

Invested in Following Debt fund

Aditya Birla Sun Life Medium Term Plan – Growth
Kotak Income Opportunities Fund – Gr
Reliance Money Manager Fund – Gr
SBI Savings Fund – Gr
SBI Short Term Debt Fund – Gr

Invested in following Equity fund

Aditya Birla Sun Life Advantage Fund Gr
DSP BlackRock Opportunities Fund – Gr
Invesco India Contra Fund – Gr
Kotak Select Focus Fund – Gr
Motilal Oswal MOSt Focused Multicap 35 Fund – Gr

Invested in following ELSS fund
Reliance Tax Saver Fund – Gr
Motilal Oswal Most Focused Long Term Fund – Gr
Kotak Tax Saver – Gr
Axis Long Term Equity Fund – Gr

SIP in following fund

L&T India Value Fund – Gr

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Sreekanth Staff answered 8 years ago

Dear Ashish, Almost all the above listed equity funds are good ones. But investing in too many funds that too from same fund category may not be really beneficial and may lead to over-diversification. Suggest you to to check their portfolios overlap %s and can try trimming down your portfolio a bit. Kindly read : https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/

ashish replied 8 years ago

Hi Sir,

ELSS , SIP and Debt fund were selected by me after consulting with my Financial adviser.

Other Equity funds are automatically selected by MARS ( NJ offering ).