I plan to invest in mutual funds through SIP for the next seven years.
Will you please guide me in the above matter?
I am planning to invest Rs 1 lakh per month in some funds to save taxes; I would appreciate your brilliant ideas on the same.
My age is 53 years. I am looking forward to hearing from you.
I will be retiring in next seven years and want to build a good corpus.
Ans: Through ELSS, Rs 1.5 lakhs under 80 CC can be invested per annum.
The scheme that can be considered is Axis Long Term Equity Fund (Growth).