choosing the right ELSS FUNDS???HELP

[johndinesh]

DEAR FRIEnds/members,

my first question-- invest R.50,000 in two elss funds. (25,000 each in two funds). suggest me the top rated Elss funds. i prefer a growth option. (would not need money inbetween ). kindly help me choose the right funds.

MY SECOND QUESTION-- WHICH WOULD YIELD BETTER RESULTS? INVESTING RS.30,000 PER YEAR IN PPF OR INVESTINNG Rs.2,500/MONTH in a eqiuity diversified funds for fifteen years.( wanna save for kids future)

my third question --iam already investing 10,000/month in equity diversified funds past 6 months.

hdfc top 200--2500
dsp top 100-2000
BSL FRONTLINE-1500
RRSF EQUITY-1500
BSL DIVIDEND Y-1500
ICICI DISCOVERY-1000

I wanna increase my investment by another Rs.5000/MONTH(2500*2).HOW DO INCREASE MY SIP AMOUNT IN AN ONGOING SIP??IN WHICH OF THE ABOVE FUNDS SHOULD I INCREASE SIP .
I INTENT TO CONTINUE THE SIP FOR ATLEAST NEXT 15 YEARS).HELP ME...PLS

 

[yodlee99]

I would say that you have a good selection of funds. You can definitely increase the SIP amounts in the existing funds as these have been the most consistent ones.
If you looking for a ELSS fund, I would suggest Canara Robeco Equity Tax Saver or Fidelity Tax Advantage.
http://www.valueresearchonline.com/...ec=18&returns=R1Year&Percentage=0.1&rating5=5

Including this, you would end up having as many as 7 funds. If you have lots of time at hand, this is ok. Else, I would suggest sticking with 5 funds at the max.
If I were you, I would get out of Birla Dividend yield fund (i mean, if you don't want regular returns). I hate to say this, but keep either HDFC Top200 or Birla SL Frontline Equity because I like both these funds which has been true performers. You don't need to redeem anything within 1 year to avoid short-term capital gains tax. Understand that all your funds are good ones, except that its easy to track if you keep within 5 funds. But this is purely psychological, if you think you can track upto 6-7 funds, I have no problem.

Remember to do monthly or weekly SIP (growth mode) on different dates of the month for better cost averaging.

 

[seetharamank]

I would say that you have a good selection of funds. You can definitely increase the SIP amounts in the existing funds as these have been the most consistent ones.
If you looking for a ELSS fund, I would suggest Canara Robeco Equity Tax Saver or Fidelity Tax Advantage.
http://www.valueresearchonline.com/...ec=18&returns=R1Year&Percentage=0.1&rating5=5

Including this, you would end up having as many as 7 funds. If you have lots of time at hand, this is ok. Else, I would suggest sticking with 5 funds at the max.
If I were you, I would get out of Birla Dividend yield fund (i mean, if you don't want regular returns). I hate to say this, but keep either HDFC Top200 or Birla SL Frontline Equity because I like both these funds which has been true performers. You don't need to redeem anything within 1 year to avoid short-term capital gains tax. Understand that all your funds are good ones, except that its easy to track if you keep within 5 funds. But this is purely psychological, if you think you can track upto 6-7 funds, I have no problem.

Remember to do monthly or weekly SIP (growth mode) on different dates of the month for better cost averaging.

sirs i would suggest magnam taxgain 93 which has given best returns since inception rather than canara repco tax fund

 

[trader15]

1) ELSS Funds: Invest in tranches of 25000 in two funds. Try to make this investment as SIP over entire year. Will help you in not locking you in either high or low price of MF.

Secondly: Always Choose Dividend option for the ELSS. Your money is locked for
3 yrs. Dividend option will help you in locking profits at regular intervals.
Going for growth option has risk of losing profits. Say for first 2 years you get 50%
returns, and 3rd yr, you lose 70%.

In dividend option, you would have locked the 50% gains in your bank account.

Magnum Taxgain is good one with good track record.

2) Investing in diversified funds for 15 yrs would yield you higher return over PPF,given
India's growth story.

But: un Like PPF, in equity funds you'll need to monitor your investments yearly
and moving them to growing funds and cutting your losses.
IF you are not that savvy enough, then would suggest investing in PPF and relax.

As equity investments may yield negative returns too.

3) Why dont you invest directly in stocks. Invest 5000/month in say Reliance Industries
RIL will not vanish overnight.
would suggest, invest 5000/month in 4/5 stocks for 2 years and see for yourself
how much capital appreciation you get over long term.

But do not watch CNBC/ETNOW etc and invest. Just go for stocks of companies
which you see in everyday life and are very large cap: Reliance/State Bank of India/
HUL/ITC/United Breweries.