i want to invest 60 k in tax saving mutual funds. I will not need the money back for about 8 years from now. I am 23 years old. please suggest which funds to select
I'm very much new to SIP option and its benifits, but i'm interested to invest 10000 pm in ELSS schemes with SIP option for next 15 years. But i dont know which funds are best.
1. Suggest me few good ELSS funds which gave better returns in the last 5 years.
2. Can I invest the whole amount in 1 fund or multiple funds? If multiple, what percent can be invested in which funds?
3. Is there any chance for lose at the end of 15 years?
4. Will I can get returns at the rate of 15-20% at end of 15 years?