Which fund to invest in SIP for saving taxes

If you want to invest Rs 5,000 for 20 years and also want to save taxes, ELSS Funds can be a good choice for you. You can check how was the SIP returns of ELSS funds over long period of time – https://www.advisorkhoj.com/mutual-funds... (Top performing ELSS SIPs fro 20 years)

However, please note that ELSS Funds are meant for moderately high risk takers whereas your risk profile is moderate.

In case you cannot take moderately high risk, then you will have to invest in traditional tax saving instruments like, Public Provident Fund (PPF), postal NSC or Bank tax saving fixed deposits.

Hope the above helps! Thanks for writing to us.