I am investing in ELSS ICICI LT Tax Saving fund from last 2 years (SIP – 2K per month). It seems it’s not performing well still I want to continue considering long term growth in this fund.
Now I want to increase additional Rs 5000 per month in ELSS (To complete 80C requirement) so should I add in the same ICICI LT Tax saving fund? Or should I choose another one like Aditya Birla Tax saving fund or Axis Long Term Tax saving fund? Please help.
ICICI Pru fund is heavily tilted towards large cap whereas ABSL fund towards mid cap. Also, both funds benchmarks are entirely different. Hence, it is not wise to compare ABSL Fund with ICICI Pru. However, if we cross-check the benchmark of the ICICI Fund, it is doing good and you can continue.