Which ELSS fund do you prefer?
Mirae Asset
That was my favourite. But it's down consistently for the last 1-1.5 yr. Hence changed startegy
Mirae is good because they did have a hand in indsider trading. However last few years their returns are poor. Further, other AMCs have gone ahead of mirae in the recent past
Parag parikh should be good but avoid if you are already into their flagship flexi cap fund as both have similar portfolios. Other option is Quant tax plan.
Axis
Axis is too bad. I have it locked. Stopped investing. Even after 1.5 yrs of locking, it's still in 4-5% loss
That is the worst ELSS. I have already redeemed one and will redeem the other too as soon as it completes 3 yrs. I have been 5+ yrs with Axis now. Stopped all mutual funds and just waiting for its lock period / fine period (for other mf) to be over.
DSP, Bandhan tax advantage, pgim these are good ones
I split in between these 3
With the new tax regime, there is no benefit of investing in ELSS MFs. There is no 80C benefit there. If you are still on old tax regimes, then yes it does make sense. IF you are looking to just invest in equities, it is better to invest in ETFs since they have much lower expense ratios.
SBI
What's a quant tax plan?
I choose parag Parikh. They may or may not give desired return but are clear about their investment philosophy and it reflects in their investment decisions.
IDFC (Bandhan)
