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Which ELSS or tax saving mutual funds are good for beginners?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Jan 10, 2019, 04.32 PM IST
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I am a beginner and I want to invest in tax saver funds or ELSS. Recommend me some good funds.
--Poonam Raikar


Puneet Oberoi, Founder, Excellent Investment Advisorz, responds:

As you are new to equity , I will recommend two funds:
HDFC Tax Saver Fund
ICICI Pru Long Term Equity Fund

Both these funds are investing more than 80 per cent in giant caps and large caps.

(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

Also Read

What are the advantages of investing in ELSS?

Can I shift money from non-ELSS funds to ELSS funds to claim tax deduction?

Using dips to invest in ELSS

Is it possible to stop my SIP investment in an ELSS?

Equity Linked Saving Scheme (ELSS)

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