ELSS funds

#2
You can consider one or more of these ELSS funds:

Canara Robeco Equity Tax Saver
DSPBR Tax Saver
Fidelity Tax Advantage
HDFC Taxsaver
Sundaram BNP Paribas Taxsaver

However, under present income tax rules you get tax benefit for max Rs 1lac/yr invested in ELSS funds.
 
#4
Hi,

I want to invest 15000 PM upto 3 yrs,kindly suggest me the funds under tax benefit
From next financial year DTC will be implemented. After that only we will know whether ELSS stays or removed???? You can invest for this year( upto next march).
SEBI in fact requested tax authourities to keep the ELSS without removing from the tax exemption category... We have to wait and see..
 
#5
rajesh under80c of incometax act a maximum of1lac is allowed the following deductions are covered EPF,GPF, certain bank fd`s for this specific purpose, PPF,NSC,lifeinsurance premiums for self,spouse&dependents,principle of housing loan etc hence after deducting all these investments u can invest the balance in MAGNAMtax gain 93 which is the best over longer periods i happento be a mutualfund advisor known as IFA
 

yodlee99

Active Member
#7
Depends on how much amount that you can invest via SIP every month. I would suggest you to split it between HDFC Top 200 and Reliance growth. Remember Rel growth is a mid&small cap fund for which you should limit your allocation.
Let us know your complete mutual fund portfolio along with the amount that you can invest via SIP now. That way it would be easier to give any suggestions.
 
#9
I would do the following:

HDFC Equity/Top 200 - 10K
DSPBR Equity / Top 100: 5K
Reliance Growth: 5K
Benchmark C&X 500: 5K.

However, if you do not want to invest in an Index fund, add it to the DSPBR fund.

I give importance to not only the fund but the fund house as well.
 
#10
Palka's suggestions are some of the best performing funds for the last few years and they have been consistent.

Remember the thumb rules for SIP investment:
Invest atleast 5-10 yrs in equity diversified mutual funds using SIP. 3 yrs is too short, you might get away with it... but one can never be sure of it.
SIP on different dates of the month for better time averaging.
Invest directly with the mutual fund house to minimize transaction costs.

In general, your overall investment in FD:Equity should be the same as (your age):(100-your age). As you age, the fixed income component should increase.
Good luck