InvestorQ : Can I change my investment to Axis Bank long term ELSS fund from ABSL tax relief 96?
tanvi Patel made post

Can I change my investment to Axis Bank long term ELSS fund from ABSL tax relief 96?

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Ishita Jain answered.
3 months ago
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Axis Long Term Equity Fund and Aditya Birla SL Tax Relief’96 both generate returns by investing predominantly in a diversified portfolio of equity and equity-related securities. However, Aditya Birla SL Tax Relief’96 has relatively higher exposure towards mid-cap companies and therefore is likely to be more volatile as compared to Axis Long Term Equity Fund in case of turbulent times in the equity markets.

But at the same time, Aditya Birla SL Tax Relief’96 due to significant exposure towards mid-cap companies has a higher potential to generate superior returns in the long run. One can continue to stay put with the investment in Aditya Birla SL Tax Relief’96 and if the total invested amount in this fund has become very large in this scheme, one can add Mirae Asset Tax Saver Fund to the existing portfolio.

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