Your Advice needed on Ulip and Elss funds

[lalaka]

Dear Friends,

Based on the latest tax changes (DTC) what I need to do.

I am having 2 Elss funds which crossed the 3 years.whether I have to pull out or can i continue I am not need off money now, to avoid taxes.

I also have an ulip fund which also crossed the 3years.Since there is no admin charges now . I can stop pay the premium for further months (monthly sip )and also withdraw the money or can i continue. To avoid taxes.

I need your advice regarding this

Thanks in advance.

 

[nikrod]

Dear Friends,

Based on the latest tax changes (DTC) what I need to do.

I am having 2 Elss funds which crossed the 3 years.whether I have to pull out or can i continue I am not need off money now, to avoid taxes.

I also have an ulip fund which also crossed the 3years.Since there is no admin charges now . I can stop pay the premium for further months (monthly sip )and also withdraw the money or can i continue. To avoid taxes.

I need your advice regarding this

Thanks in advance.

I can't advice on ULIP as do not know about the terms & conditions. Please contact your agent for details.

As for ELSS, if your investments have completed 3 years, it is best to withdraw funds before 31st March 2011 and move funds to other diversified equity funds. This way your tax free capital gains till now would be preserved.

 

[lalaka]

Thanks Nikrod.
(I have time still march 2011.)