You should find out first how much you need to invest in ELSSs to claim full tax benefits of the Section 80C. You can claim a maximum benefit of only Rs 1.5 lakh in a financial year. Your EPF deduction, life insurance premium, and so on are also covered under section 80C. So, first find out how much extra you can invest to exhaust the Section 80C.
You need not invest in more than one or two ELSS funds to diversify your investments. Most of these schemes are run as flexi cap schemes. You can invest the extra money in Mirae Asset Tax Saver Fund. Quant Tax Saver has been doing very well for the last two years, but you should keep a close watch on it. Quant-based investing is not yet established and we don’t have much data to take a call on the investment strategy.
Read complete post here: