9,111.90363.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

ELSS mutual funds to save taxes in 2020

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|
Last Updated: Jan 28, 2020, 04.51 PM IST
0Comments
iStock
stocks
I want to invest Rs 1.2 lakh as a lumpsum in ELSS in the next two months to save taxes in FY20. Kindly suggest me some schemes.
-- Srinandan Subudhi


Here are our recommended tax-saving mutual fund schemes that you can consider investing in the next two months to save taxes for the financial year.

Best ELSS mutual funds to invest in 2020

Here are a few things you should keep in mind while investing in ELSS. Always link your ELSS investments to a long-term goal. This will help you in focusing on your goals rather than worrying about the performance of the stock market. Though these schemes come with a mandatory lock-in period of three years, you should always invest in them with a horizon of at least five to seven years. There is no need to sell your investments on completion of the mandatory lock-in period. You may continue to hold the scheme if it is performing well.
(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

Are ELSS mutual funds losing their charm?

Are taxpayers ignoring ELSS mutual funds this financial year?

Smart investors' guide to ELSS mutual funds

Should you stop investing in ELSS mutual funds after this financial year?

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service