Which mutual funds to invest for ELSS and long term investments

I want to start SIP of RS 15000 per month for 15 years. I want to invest RS 9000 in ELSS fund for tax saving and RS 6000 in other funds. Please suggest me funds which can give higher return. My aim is to get higher return and I can take risk for this?

Jul 27, 2017 by Gaurav, Anand | Mutual Fund

Good to hear that you want to invest for long term of 15 years through monthly SIPs. Your query is with regards to investing Rs 9,000 in ELSS Funds and Rs 6,000 in other equity funds.

You can invest Rs 9,000 in 2 ELSS Funds from this selection - DSP BlackRock Tax Saver Fund, Birla Sun Life Tax Relief 96 Fund and Reliance Tax Saver Fund.

For investing Rs 6,000 in other funds you can consider diversified equity funds as you are ready to take high risk. Here you can consider investing in Birla Sun Life Equity Fund, SBI Magnum Multi-cap Fund and DSP BlackRock Opportunities Fund.

With monthly SIP investment of Rs 15,000 for 15 years, you can expect a corpus of Rs 76 Lakhs against your investment of Rs 27 Lakhs after 15 years (this is based on assumption of 12% annual returns).

Wishing you long term investing success and thanks for writing to Advisorkhoj.

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