Need Expert Advice?Our Gurus Can Help

Ans: I can guide you on what to look for when selecting ELSS funds for your SIP:

Consistent Performance: Look for funds with a track record of consistent performance across different market cycles. Analyze their past returns and compare them with benchmarks and peers.
Fund Manager Expertise: Assess the expertise and experience of the fund manager. A skilled and seasoned manager can navigate market fluctuations effectively and generate better returns for investors.
Expense Ratio: Consider the expense ratio of the funds. Lower expenses can have a significant impact on your overall returns over the long term.
Investment Philosophy: Understand the investment philosophy of the fund house and whether it aligns with your risk tolerance and investment objectives.
Risk Profile: Evaluate the risk profile of the funds. ELSS funds typically invest in equities and can be subject to market volatility. Choose funds that match your risk appetite.
Long-Term Potential: Focus on funds with a long-term investment horizon and potential for capital appreciation over 5-8 years.
By conducting thorough research and considering these factors, you can select ELSS funds that suit your investment goals and time horizon. Consulting a Certified Financial Planner can also provide personalized recommendations based on your financial situation and objectives.

Ans: I have no idea about your risk profile, investment horizon and the purpose (future financial goals). WIthout that, it is difficult to suggest anything.