Investing in ELSS is one of the ways an investor can save tax under Section 80C.
Investors can choose between the dividend option or growth option.
Valuations have become cheaper, but investors should have 5-7 year horizon, say wealth advisors
In the past one year, the small cap fund category has lost 18.76%, as per data from Value Research.
Inflows at Rs 3,000 crore, Tata Cap issue sees highest interest at Rs 2,235 crore.
The best bet is Bajaj Finance which offers a maximum of 8.6 per cent for a 5-year tenure.
Many advisors are recommending multi cap funds in the current environment to investors.
Four index funds tracking Nifty 500, Bank Nifty, Nifty Midcap 150 and Nifty Smallcap 250 are currently open for investments
Fund managers of mid cap funds are a lot more optimistic.
Financial planners point out that equities are a volatile asset class and keep moving up and down.
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