Sir, Recently one of my friend opined that ELSS doesn’t give much returns as compared to other MF SIP’s. I am unable to understand the difference between the two in terms of ROI, apart from Lock in Period of 3 Yrs. I have invested in following 3 ELSS–SBI Tax Gain (1k per mon), Axis long term equity fund(2 k per mon), Birla Sunlife Taxgain (2 K per mon). All these plans are perpetual+direct+growth. My doubt is if I am willing for long term investment what difference will it make whether I invest in ELSS or any other equity fund. Investing in ELSS as compared to normal equity will give me added tax advantage.Am I right?
Also, I have purchased ICICI term plan of 30 Yrs period with 75 lAcs cover. Also investing 5 K per mon in PPF. 3 K per mon in RD’s. Kindly suggest improvements.