The provided content discusses the suitability of investing in Equity Linked Saving Scheme (ELSS) funds for a taxpayer in the 30% bracket. If filing returns under the New Tax Regime, ELSS investments may not be necessary. However, for those still filing under the Old Tax Regime, funds like SBI, Motilal, Birla, Bandhan, Axis, and Mirae have been good performers. It’s important to note that past performance does not guarantee future returns.
Regarding diversifying the portfolio to minimize overlap, simply switching Asset Management Companies (AMCs) for ELSS funds may not reduce overlapping. As these funds have similar investment styles, reading the fund factsheets will reveal majority overlapping. Therefore, changing AMCs but investing in the same fund type does not prevent overlapping.
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