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Mutual Fund Corner: Should I invest in PPF or ELSS?

Get all your mutual fund related queries answered by our expert, Sharad Singh, on our show Mutual Fund Corner.

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By CNBC-TV18 Jan 22, 2019 7:30:59 PM IST (Published)

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Mutual Fund Corner: Should I invest in PPF or ELSS?
Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Sharad Singh, chief executive officer and founder, Invezta.com, on our show Mutual Fund Corner.

Q: 23-year-old Raunak Rajpal writes us from Mumbai. I am facing a big dilemma whether to go for a Public Provident Fund (PPF) account or an ELSS (Equity Linked Savings Schemes) fund or both.
The only thing stopping me from investing in ELSS is the 10 percent LTCG (Long-Term Capital Gains) tax. Requesting for help in this matter. Also, please suggest the best ELSS funds for an investment horizon of 15 years.
A: Think of your financial goals and allocate money accordingly. Diversify into more than one fund. Around 3-5 funds are ideal depending on goals/use cases. Try SBI BlueChip, Birla Frontline Equity in large cap; Franklin Prima, L&T Midcap in mid/small caps and Mirae Asset Emerging BlueChip, Motilal Multicap 35 fund in multicaps.
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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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