01-03-2025, 11:48 AM
Hello everyone,
I’ve been researching various ELSS (Equity Linked Savings Scheme) funds for tax-saving purposes, and SBI Long Term Equity Fund caught my attention. It’s one of the popular funds in the ELSS category, offering the dual benefit of tax savings under Section 80C and potential long-term wealth creation.
I’m particularly impressed by its strong track record of returns over the years, although I know past performance is not the sole factor to consider. What I like is that the fund predominantly invests in equity and related instruments, making it suitable for investors with a higher risk appetite and a long-term horizon.
Has anyone here invested in this fund? How has your experience been in terms of returns and portfolio stability? Would you recommend it for someone looking to save tax while building a solid equity portfolio?
Looking forward to your thoughts!"
I’ve been researching various ELSS (Equity Linked Savings Scheme) funds for tax-saving purposes, and SBI Long Term Equity Fund caught my attention. It’s one of the popular funds in the ELSS category, offering the dual benefit of tax savings under Section 80C and potential long-term wealth creation.
I’m particularly impressed by its strong track record of returns over the years, although I know past performance is not the sole factor to consider. What I like is that the fund predominantly invests in equity and related instruments, making it suitable for investors with a higher risk appetite and a long-term horizon.
Has anyone here invested in this fund? How has your experience been in terms of returns and portfolio stability? Would you recommend it for someone looking to save tax while building a solid equity portfolio?
Looking forward to your thoughts!"