Hii ,
First time investing and hence I did some research on investment and planning to invest 40k in the below fashion.
10k-ELSS 10K-Equity MF 10k-Debt MF 4K-NPS 6K-PPF . Is it fine or any suggestions are welcomed. Also if anyone can suggest me which ELSS or mutual fund should I select considering the current market scenario

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What is your age, monthly income, personal situation (single, married, kids) and target goals? Also assume the amounts that you mentioned are per month?

26, 80k, single and yes those are monthly.

Axis Long Term Equity is tried and tested. Go fot that. Also PPFAS for multicap.

Frankly, based on your current status, I’d suggest to have a slightly higher risk appetite. ELSS, PPF, Debt funds are all very conservative investment instruments and are barely keeping in line with inflation today. Go a little higher on equity MFs. I’m providing this suggestion on the basis of data you provided but I’m not accounting for any personal situation that only you might be aware of.

I would remove ELSS funds and do more equity based mutual funds. Your portfolio seems too conservative for your age and salary.

ELSS would also be equity based.

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A lot of people commenting here do you even understand what ELSS is? Commenting on how good an ELSS fund is a separate topic but those are also equity mutual funds and have been giving decent returns because markets are at all time high so their stock picking makes not that big of a difference to generate a 10%+ cagr. The real stock picking happens when markets go sideways that's why you pay extra for the active non ELSS mutual funds with higher excise ratios to do that stock picking for you.

Avoid NPS, and next few investments can be in Low expense ratio (TER) Equity index fund

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