Ask ET Mutual Funds: Can I invest in DSPBR Tax Saver?

I am investing Rs 2,000 per month in SBI Bluechip Fund. I want to invest around Rs 2,000 per month in an Equity Linked Savings Scheme (ELSS). I am thinking of investing in DSPBR Tax Saver. I am also thinking of investing Rs 1,000 per month in equity fund of Birla or Franklin. Do you have better suggestions? My investment period is more than seven years.
--Ram Thakur

DSPBR Tax Saver is a good tax-saving mutual fund scheme (ELSS) with a good tack record. You can consider investing in it for saving taxes under Section 80C of the Income Tax Act. Here is a link to our recommended ELSS schemes.

You should not over-diversify your mutual fund portfolio. Limit the total number of mutual fund schemes to four or five. Here are our recommended mutual fund portfolios. You can look them for your long-term investment needs in equity mutual funds.


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