Nifty hovering@25K: Should you start reducing allocation to ELSS mutual funds?
mutual funds, which come with a 3-year-locking period, are also wondering if it is the right time to start trimming their portfolio in a gradual manner.
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In the last one month, the performance of the ELSS funds or tax saving funds has been low-key. These schemes have offered an average return of around 5.33% in the last one month. (Source: ACE MF)
Motilal Oswal ELSS Tax Saver Fund, the topper in the ELSS category, offered 10.38% return in the last one month period. WOC ELSS Tax Saver Fund gave 7.39% return in the same period.
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Also Read | Mutual fund SIP vs lumpsum investment: What's the best strategy in this market?
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