Should I switch to Reliance Tax Saver (ELSS) Fund?

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I am 34 years old and I am currently investing Rs 8,000 through SIPs in these tax-saving funds:

Aditya Birla Sun Life Tax Relief 96 (G)
Axis Long Term Equity Fund (G)
Franklin India Tax Shield Fund (G)
HDFC Long Term Advantage Fund (G)

ABSL Tax Relief 96 and Axis Long Term Equity are performing good. But I want to pause the remaining two SIPs and start investing in other schemes. Can you please suggest some schemes. I am thinking of ICICI Prudential Long Term Equity Fund (Tax Saving) and Reliance Tax Saver (ELSS) Fund. My investment horizon is five years.
-- Rama Krishna Reddy

Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:


You can exit your ELSS funds only after the completion of the mandatory lock-in period. If you have completed the lock-in period, you can consider investing in Reliance Tax Saver (ELSS) Fund or DSP BlackRock Tax Advantage Fund.
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