Pls help..!!

[Andy143]

I am 25 y/o, single guy with very limited monthly expenses and a moderate income. I plan to invest almost 60k within next 3 weeks period for tax saving.

I had turned a blind eye towards investing throughout the year due to some unavoidable reasons. This is the worst period of the year to invest in as all the ELSS schemes have already soared to their 52 week highs and the road ahead looks uncertain due to the dubai world fiasco and banking sector reforms coming in the next financial year.

My question is is it a good idea to invest LUMPSUM/SIP in ELSS funds right now?

Or i should stick to the plain vanilla nscs,ppfs and other similar instruments.

Most of my savings (50-60%) are in ppf + nsc + fd + lic policies and 25% are in ELSS + balanced equity funds

Pls help me minimize my damages caused by not planning my savings.

Pour in your suggestions..!!

 

[Andy143]

ek question..

100s of finance experts..

but no answers?..

bahut naainsafi hai reyy..!!

 

[rajeshn2007]

I am 25 y/o, single guy with very limited monthly expenses and a moderate income. I plan to invest almost 60k within next 3 weeks period for tax saving.

I had turned a blind eye towards investing throughout the year due to some unavoidable reasons. This is the worst period of the year to invest in as all the ELSS schemes have already soared to their 52 week highs and the road ahead looks uncertain due to the dubai world fiasco and banking sector reforms coming in the next financial year.

My question is is it a good idea to invest LUMPSUM/SIP in ELSS funds right now?

Or i should stick to the plain vanilla nscs,ppfs and other similar instruments.

Most of my savings (50-60%) are in ppf + nsc + fd + lic policies and 25% are in ELSS + balanced equity funds

Pls help me minimize my damages caused by not planning my savings.

Pour in your suggestions..!!

Hi,
Going by current market levels, (trading at 20 times forward p/e), you could stick with ppf/nsc etc.
If you have surplus during the course of the year, you would get better chances for investing.

 

[AW10]

I am 25 y/o, single guy with very limited monthly expenses and a moderate income. I plan to invest almost 60k within next 3 weeks period for tax saving.

I had turned a blind eye towards investing throughout the year due to some unavoidable reasons. This is the worst period of the year to invest in as all the ELSS schemes have already soared to their 52 week highs and the road ahead looks uncertain due to the dubai world fiasco and banking sector reforms coming in the next financial year.

My question is is it a good idea to invest LUMPSUM/SIP in ELSS funds right now?

Or i should stick to the plain vanilla nscs,ppfs and other similar instruments.

Most of my savings (50-60%) are in ppf + nsc + fd + lic policies and 25% are in ELSS + balanced equity funds

Pls help me minimize my damages caused by not planning my savings.

Pour in your suggestions..!!

As mentioned by Rajesh, In my view as well, this is not the time to buy.
If this investment is for tax planning, then u still have 4 months for this.Till that time park the fund in FD or Debt funds and later transfer them to ELSS in next few months.

Problem with Tax efficient instrument is lock-in period.. and ELSS gives lowest of locking period of 3 yrs compared to 5yr+ in others. So, if u have no hurry to invest in next 3 weeks then wait for some time before committing to block funds for longer time.
Alternatively, u can also think of SIP route to buy ELSS over next 3 months.

Maybe, pickup the right ELSS and put the funds in debt scheme of that fund house and give them systamatic transfer to ELSS order.

Just few approachs for you to think about and take decision.

Happy Investing

 

[Andy143]

thank you rajesh and aw10..