The challenge faced by a first time investor is, more often, about making a decision to invest. As most of them are also looking at ways to save on taxes; the funds recommended include a healthy dose of equity-linked savings scheme (ELSS). Investing in ELSS helps you save taxes and the equity exposure with a three year lock-in enables new investors to experience equity investing and benefit from long-term investing. There are balanced funds in this list, which follow a dynamic asset allocation between equity and debt, demonstrating investment discipline.
