Business

Mutual Fund Corner: Best performing ELSS funds

Updated : March 07, 2019 08:40 PM IST

Want to invest in mutual funds but don’t know how to go about it?

Get all your mutual fund related queries answered by our expert, Himanshu Srivastava, senior analyst manager research, Morningstar Investment Advisers India, on our show Mutual Fund Corner.

Q: 28-year-old Monark Shah writes to us from Pune. I want to know best performing ELSS Fund? I had researched few and already started with Axis Long Term Equity Fund. I want to know about Reliance Tax Saver Fund. Please suggest should I opt for that or should I continue with that or switched to some other fund?

A: So any which ways you have an investment in one of the best tax saving fund in the industry that Axis Long Term Equity Fund. This fund is managed by Jinesh Gopani and has a strong track record over the long term. It's always better to meaningfully diversify one’s investment portfolio. So you can consider adding at least one more fund in your portfolio from the ELSS category. Some of the other ELSS funds that you can consider investing are:

Group/Investment	Morningstar Analyst Rating	Morningstar Rating Overall	Return (in %)
Group/Investment	Morningstar Analyst Rating	Morningstar Rating Overall	1-Yr	3-Yr	5-Yr
India OE ELSS (Tax Savings)
Axis Long Term Equity Gr	Silver	ÙÙÙÙ	0.87	15.22	18.42
HDFC TaxSaver Gr	Silver	ÙÙÙ	-7.99	16.16	13.84
Franklin India Taxshield Gr	Bronze	ÙÙÙÙ	-2.22	12.78	15.72
L&T Tax Advantage Gr	Bronze	ÙÙÙÙ	-11.28	15.59	15.16
Reliance Tax Saver Gr	Bronze	ÙÙ	-19.69	10.89	15.51

Going ahead, you can build exposure in these two funds, but the amount is significantly higher. Then there is no harm in adding another fund to this list. The idea should be to diversify risk but at the same time, you should not over diversify the portfolio.

Click here to watch the full episode of Mutual Fund Corner

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Mutual Fund Corner: Best performing ELSS funds

You May Also Like

Custom duty on open cell from October 1, manufacturing capacity must for domestic industry

Total government liabilities rise to Rs 101.3 lakh crore in Q1: Finance ministry report

Up, up and away! This stock shot up 160% in 2020 despite a 93% profit decline in Q1

Trending on CNBC-TV18

recommended for you