1. As your "laggard" ELSS fund has served its primary purpose of tax-planning under Sec 80C for the previous year(s), you should now weed it out by stopping further SIPs/ investment in it, and redeeming its units as soon as they start becoming lock-free.
2. For the current year's tax-planning purpose and onwards, choose another ELSS fund, from VRO's list of 4/5 star-rated funds (12 of them), preferably with high 5/10-year returns, so that you could hopefully utilize it for a longer time frame this time.
3. Like other equity funds, ELSS funds are also not fixed-rate instruments, but market-linked investments, besides depending on the fund management's ability to pick better underlying stocks.
4. A tip - Estimate your tax saving requirement for the year in advance, buy ELSS units through monthly SIPs, for cost-averaging price over the years, and topping up any annual shortfall through a direct investment in the last month of each financial year.
5. You can utilize the redeemed amount for funding SIPs of the new ELSS fund or your existing long-term funds, without increasing their number unnecessarily, as long as they are diversified and are of different AMCs.
2. For the current year's tax-planning purpose and onwards, choose another ELSS fund, from VRO's list of 4/5 star-rated funds (12 of them), preferably with high 5/10-year returns, so that you could hopefully utilize it for a longer time frame this time.
3. Like other equity funds, ELSS funds are also not fixed-rate instruments, but market-linked investments, besides depending on the fund management's ability to pick better underlying stocks.
4. A tip - Estimate your tax saving requirement for the year in advance, buy ELSS units through monthly SIPs, for cost-averaging price over the years, and topping up any annual shortfall through a direct investment in the last month of each financial year.
5. You can utilize the redeemed amount for funding SIPs of the new ELSS fund or your existing long-term funds, without increasing their number unnecessarily, as long as they are diversified and are of different AMCs.