I have three ELSS a) Reliance Tax Saver, b) HDFC Tax Saver, c) MIRAE Tax saver, all for 2000 each. Please advise the future of my investment and expected percentage age of returns?
You have invested in good performing ELSS mutual funds.
The future of any mutual fund investment, including your investments in ELSS funds, can not be predicted as this is subject to market risk. However, as you have invested in equity schemes, you can assume the future returns @12% annual.
You can check this calculator on our website, input the amount that you are investing every month and see the future value based on assumption of 12% annual returns - https://www.advisorkhoj.com/tools-and-calculators...
Hope the above helps! Thanks for writing to Advisorkhoj!
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