I am interested in investing in ELSS funds to save taxes and also get good returns and have shortlisted DSPBR TaxSaver. But I am not sure about the choice.
Three year lock-in, when investing in an ELSS gives sufficient time for the fund to gain from the market movements
I am interested in investing in ELSS funds to save taxes and also get good returns and have shortlisted DSPBR TaxSaver. But I am not sure about the choice.
Sai Krishna, Bangalore
The fund that you have shortlisted features in our hand-picked OLM Elite list and you can invest in this fund to save on taxes as well as build wealth over time. The three year lock-in, when investing in an ELSS gives sufficient time for the fund to gain from the market movements to not just act as an efficient tax saver, but also to build wealth. Moreover, compared to other forms of tax savings, the ELSS has the highest equity exposure and the shortest lock-in, making it a good choice to consider as a tax saving option.