ELSS Funds - Good investment in current markets

[Deep Blue]

I want to invest around 40000 in MF, Kindly advise which is better and why?

Thanks!!

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[rohit]

Go for Sundaram Tax saver.
If you are below 45 years - DWS tax saving fund is a good option. You get free insurance cover of 40,000 x 5 = Rs 2 lakhs. (max 5 lakhs)
Opt for dividend pay out.