Can you suggest 3 ELSS Funds as I need to invest urgently

Thanks for writing to us. DSP BlackRock Tax Saver Fund, Principal Tax Saving Fund, HDFC Long Term Advantage Fund, Kotak Tax Saver and L&T Tax Advantage are some of the top performing Equity Linked Savings Schemes. You can select 3 funds out these.

By investing in SIPs, you can take advantage of the volatility in the market. However, if you have lump sum funds to invest and still want to take advantage of volatility then you can invest in 3 liquid funds of the same AMCs (based on the ELSS funds selected by you) and transfer to the ELSS funds in equal monthly or fortnightly instalments over a period of 6 to 12 months through Systematic Transfer Plan (STP). In this way, you can take advantage of market volatility and still earn higher returns on the money that would be remained idle in the savings bank by investing it in liquid funds over the duration of the STP.