Sir, which is better option for I T saving U/S 80 C from ELSS MF or SCSS(Sr citizen saving scheme.)?
Ans: Hi Ashok jadhav. Age plays a major role in this, especially if a person's age falls before retirement. Elss should be considered. There is a difference in lock-in period, risk appetite, and returns between the two options -- MF and SCSS.
You can choose ELSS with better returns if you are willing to take moderate risks.
SCSS may be a good choice if you want your capital protected with returns similar or slightly higher than those of a FD.
| Fund Name | Fund Type | SIP Date | AMOUNT |
| FT India Bluchip | Large Cap | 25-03-2023 | 1,000 |
| HDFC Top-100 | 25-11-2022 | 1000 |
| Kotak-50/Bluechip | 25-07-2024 | 1,000 |
| Quantum Long Term Equity | 21-12-2022 | 1,000 |
| UTI Opportunities | 21-01-2023 | 1,000 |
| BSL Frontline Equity | HOLD | |
| ICICI Prudential focussed Bluechip | HOLD | |
| Nippon/Reliance Growth | Midcap | 25-05-2023 | 1,000 |
| Quant Active Fund | Multicap | | |
| IDFC Premiur Equity/Multicap | 25-12-2021 | 1,000 |
| Mirae Asset Emerging Bluchip | Midcap | 28-03-2024 | 1,500 |
| ICICI PrudentialBanking & financial services | Banking | 10-04-2024 | 1,500 |
| SBI Pharma/Healthcare Opportunities. | Pharma | 28-12-2023 | 1,000 |
| Canara Robecco infrastructure | Infrastructure | HOLD | |
| Edelweiss(JP Morgan) Europe Dynamic Equity Offshore | Global | HOLD | |
| FT India Feeder-U.S.Opportunities | 25-10-2022 | 1,000 |
| L&T Midcap | Midcap | HOLD | |
| UTI NIFTY INDEX | INDEX NIFTY | 15-02-2022 | |
| Edelweiss(JP Morgan) Greater China Equity | FoF OVERSEAS | 28-02-2023 | 1,000 |
| SBI SMALL CAP | Small Cap | 11-04-2022 | 1,000 |
| HDFC INDEX FUND | | 15-02-2022 | |
| AXIS MIDCAP | MIDCAP | HOLD | |
| | | TOTAL | 14,000 |
