Tax saving fund Vidya, 14 Dec 2012

I have a sip of Rs 1000/m in HDFC tax saver...since last three years it is almost flat with a negative growth. Shall I continue with it?

Fintotal Answer

ELSS(Tax saving) funds have a lock-in peroid of 3 years which means you cannot withdraw it till you complete 3 years. HDFC Tax Saver Fund is an average performing fund giving around 6% returns for last 5 years. Since you have completed 3 years in this fund, for next SIP you may look for the top ELSS funds such as Canara Robeco Equity Tax Saver and ICICI Prudential Tax Plan.

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