which Elss Mutual Fund Scheme better to invest

Ans: For tax-saving purposes, ELSS (Equity Linked Savings Scheme) funds are an excellent option as they offer tax benefits under Section 80C of the Income Tax Act while providing the potential for long-term wealth creation through equity investments. When selecting an ELSS fund, consider factors such as historical performance, fund manager expertise, expense ratio, and investment strategy. Look for funds with a consistent track record of delivering competitive returns over the long term. It's advisable to consult with a financial advisor or conduct thorough research to choose the ELSS fund that aligns with your investment goals and risk tolerance.

Ans: Hello and thanks for writing to me.

It is difficult to predict the best performing fund over a period, however, given that ELSS funds carry a 3 year lock-in, you can consider investing in a combination of:
Samco ELSS Tax Saver Fund
Kotak ELSS Tax Saver Fund
ABSL ELSS Tax Saver Fund

Ans: For ELSS, consider established funds with a strong performance history. In the diversified equity category, opt for funds with a proven track record of delivering consistent returns. Evaluate the funds based on factors like fund manager expertise, investment approach, and expense ratio to make an informed decision.

Ans: For a high-risk appetite and a 4-5 year horizon, you can consider diversified ELSS funds known for consistent performance and managed by experienced professionals. Look for funds with a track record of outperforming their benchmarks and peers. Always remember to monitor your investments regularly and consult a financial advisor for personalized advice.