What is ELSS and how reliable are “sundram bnp paribas” & “lotus india” (ELSS Mutual funds)?
Ashish, ELSS mean Equity linked Savings Scheme. If you invest on any ELSS your money will have 3 years lock in period. there is no confusion required on the Reliability of Mutual fund house. But, both Mutual fund houses has good and bad funds. You have to care on that. Funds performance and mutual fund house brand name doesn’t have any relation. A mutual fund house working under the rules of SEBI and thus it is secure. While selecting fund from this companies, check the fund performance for present and past as well as the Fund manager experience and performance. Second one is major. Because a good fund manager can bring a fund to a top performing fund.
