Suggestions on investment (elss mf)
A little off topic but I need suggestions from you people. I want to invest around 50k amount in ELSS Tax Saver MF to save tax under 80cc. I've decided to allocate in below MF for 10 years: Quant elss(20k), Parag parikh(15k) & Mirae asset(15k) Is it good? Or it is better to invest these in ppf? Any suggestions will be helpful.
This isn’t off-topic for personal finance channel.
PPF vs ELSS
I think you’re comparing two different instruments. One is fixed income, other is subjected to market risks. So depending on your risk profile, you can pick one or both.
Picking funds again depends on risk profiles. Historically, ELSS generated ~11-13% returns with LTCG 10% over 1L gains. PPF will give guarantee 7ish % with no tax on gains after 15 yrs.
Funds you’ve picked are good. Personally, I feel Mirae is underperforming others.
Thanks for your input. Yes, im aware of the risk. It's just i want to diversify my portfolio. Have already invested amount in ppf for this FY.
