Is Axis Long Term Equity Fund a good ELSS?

In order to save tax, I have started investing in Axis Long Term Equity Fund (Direct, Growth). I would like to know whether this ELSS fund is good or should I switch to a better ELSS mutual fund. Kindly suggest.
--Sandipan Das

Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:

Axis Long Term Equity Fund is a decent scheme. You can continue investing in it. If you are looking for an aggressive ELSS, then you may look at anyone of the funds mentioned below:


Tata India Tax Savings Fund
Principal Tax Savings Fund
IDFC Tax Advantage (ELSS) Fund