Ask ET Mutual Funds: I want to invest Rs 2,000 per month. Which ELSS should I pick?

I am investing Rs 2,000 per month in SBI Blue Chip Fund. Now, I want to invest another Rs 2,000 per month in an ELSS. I am thinking of DSP BlackRock Tax Saver Fund. I am also thinking of investing Rs 1,000 per month in an equity scheme of either Birla Sun Life or Franklin Templeton. Please suggest? My investment horizon is more than seven years.

--Ram Thakur

Apoorva Vora, Founder & CEO, Finolutions Wealthcare, responds:

I presume you are planning to invest Rs 2,000 per month in an ELSS, and another Rs 1,000 per month in any other equity scheme. For your ELSS investment, you may look at DSP BlackRock Tax Saver Fund or L&T Tax Advantage Fund. Given your long-term time horizon, you may look at Franklin India Prima Plus for the equity investment of Rs 1,000 per month via an SIP.



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