Please suggest a tax saver fund for me

I am 29 years old and I am a state government servant. I have already invested Rs 4,000 per month through SIPs in two funds: Birla Sun Life Equity Fund Growth (Rs 3,000) and UTI Opportunity Fund (Rs 1,000) from 7 December 2014. I want to reshuffle my investment and invest Rs 3,000 more as SIP. I can run this SIPs for a long period, say, 20 to 25 years. I also need to save tax. Please suggest me a few funds where I can invest. I am aslo thinking to stop the Birla fund folio and start a new one in the same fund with a Rs 1,000 SIP. I would be grateful if you can suggest me funds and how to invest in them.

--Jit Biswas

Birla Sunlife Equity Fund Growth - You may switch to L&T India Value Fund. Compared to Birla Sunlife Equity and its peers, the fund offer higher risk-adjusted returns, higher downside protection, similar volatility and has provided much higher Alpha.

UTI Opportunity Fund - Switch to Kotak Select Focus. Compared to UTI Opportunity Fund, its peers have higher risk-adjusted returns. Kotak Select Focus has higher risk-adjusted return, higher downside protection, similar volatility and has provided much higher Alpha.

Tax Savings and additions to potfolio: You can add L&T India Value Fund, Axis Long Term Equity ( ELSS) and DSP Black Rock Tax Saver (ELSS).

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