Is my ELSS fund selection good

I am planning to SIP in Axis Long Term Equity Fund for 20 years and Birla Sun Life Tax Relief 96 fund for 1 years. Each Rs 2000. Can I get good returns. Please suggest?

Apr 18, 2017 by Narayana, Andhra Pradesh  |   Mutual Fund

You have selected good ELSS funds for SIP. However, why you want to invest for I year in Birla Sun Life Tax Relief 96, compared to 20 years in Axis Long Term Equity Fund, is not clear to us.

Yes, you can expect good return from ELSS funds provided you have an investment horizon of 5 years or so.

Thanks for writing to us.

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