I had invested lump sum Rs 24 K in Aditya Birla Sun Life Tax Relief 96 Fund. EQUITY ELSS in June 2017 with
3 yrs lock in. but last year after lock in period ends i hav not withdrawn & still continued it as its NAV is better. so shall i continue or withdraw it?

Also tell me since this MF is ELSS can i take tax benefit of it.

Ans:

Recommendation: Please continue

Ans: Kindly exit

Ans: When deciding whether to continue or wait with your current mutual fund investments, consider the following factors:

Performance: Evaluate the performance of each fund over different time periods. Look at their returns compared to benchmark indices and peer funds in the same category.
Fund Objectives: Ensure that the objectives of the funds align with your investment goals and risk tolerance. Review the fund's investment strategy and portfolio composition.
Fund Manager: Assess the track record and expertise of the fund manager managing each fund. A skilled and experienced fund manager can significantly impact fund performance.
Expense Ratio: Consider the expense ratio of each fund, as higher expenses can eat into your returns over time. Compare the expense ratios of your funds with similar funds in the market.
Market Conditions: Take into account the current market conditions and economic outlook. Certain funds may perform better in specific market environments.
Changes in Personal Financial Situation: Evaluate any changes in your personal financial situation or investment goals that may necessitate adjustments to your portfolio.
Review Periodically: Regularly review your portfolio to ensure it remains aligned with your objectives. Consider rebalancing or making changes if needed based on market trends or changes in your financial situation.
By carefully considering these factors and possibly seeking advice from a financial advisor, you can make informed decisions about whether to continue or wait with your current mutual fund investments.

Ans: Hello Vimal and thanks for writing to me. The funds you are investing in are good funds and you can continue to invest in them.

If you elaborate your goals and risk appetite, I may recommend other schemes.