15 January 2016
All-your-money-queries-answered
What are the best options to invest in ELSS?
My fixed deposit is maturing next month. I want to invest in some ELSS mutual funds. Can you please suggest me some good options where I can park my money? - Sivaraman K., Bengaluru
Good that you are moving your fixed deposit proceeds to an ELSS. ELSS comes with a lock-in period of three years. If you do an SIP in an ELSS fund, every installment has a lock-in of three years. There is no exit load on redemption in ELSS. You can choose from Axis Long Term Equity, Reliance Tax Saver and Franklin India Tax shield.