Elss...query..experts help

#1
hello members, NEW TO MF INVESTMENT...

1...Is it advisable to start SIP IN ELSS FUNDS FROM JAN 2011? (COSIDERING IMPLEMENTATION OF DTC FROM APRIL 2012 )

2...SUGGEST ME THE BEST TWO FUNDS AMONG THESE FOUR ELSS ? WANNA INVEST 50K TO CUT DOWN TAX THIS FINANCIAL YEAR...

A.HDFC TAX SAVER
B.ICICI TAX PLAN
C.CANARA ROBECO TAX SAVER
D.FIDELITY TAX ADV

3...WHICH IS BEST.... HDFC LONG TERM ADV FUND OR HDFC TAX SAVER ???

4. how to increase the existing SIP AMOUNT IN A FUND ???(EX.. INCREASING SIP OF 2000 RS TO 4000 RS...IN SAME FUND)
 
Last edited:

yodlee99

Active Member
#2
Suggestions below:

1...Is it advisable to start SIP IN ELSS FUNDS FROM JAN 2011? (COSIDERING IMPLEMENTATION OF DTC FROM APRIL 2012 )

Negative. You don't get any tax break with ELSS or NSC when DTC comes into effect as of now. Try PPF.
http://valueresearchonline.com/story/h2_storyview.asp?str=15891

2...SUGGEST ME THE BEST TWO FUNDS AMONG THESE FOUR ELSS ? WANNA INVEST 50K TO CUT DOWN TAX THIS FINANCIAL YEAR...
A.HDFC TAX SAVER
B.ICICI TAX PLAN
C.CANARA ROBECO TAX SAVER
D.FIDELITY TAX ADV

Try these funds: http://valueresearchonline.com/fund...rns=R5Year&Percentage=0.1&rating4=4&rating5=5
Though Fidelity does not appear in this list, its a good one.


3...WHICH IS BEST.... HDFC LONG TERM ADV FUND OR HDFC TAX SAVER ???
The HDFC taxsaver appears to be a little better of the two.
Refer: http://valueresearchonline.com/fund...nce&objective=compare&select1=915&select1=854


4. how to increase the existing SIP AMOUNT IN A FUND ???(EX.. INCREASING SIP OF 2000 RS TO 4000 RS...IN SAME FUND)[/QUOTE]
You can do it by 2 ways: You can create another SIP for 2K on another date OR cancel the current one and create a new SIP for 4K. I prefer the former as you are buying on 2 different dates of the month after month, giving you a better average cost (rupee cost averaging).

Hope that helps.
 
#3
hello members, NEW TO MF INVESTMENT...

1...Is it advisable to start SIP IN ELSS FUNDS FROM JAN 2011? (COSIDERING IMPLEMENTATION OF DTC FROM APRIL 2012 )

2...SUGGEST ME THE BEST TWO FUNDS AMONG THESE FOUR ELSS ? WANNA INVEST 50K TO CUT DOWN TAX THIS FINANCIAL YEAR...

A.HDFC TAX SAVER
B.ICICI TAX PLAN
C.CANARA ROBECO TAX SAVER
D.FIDELITY TAX ADV

3...WHICH IS BEST.... HDFC LONG TERM ADV FUND OR HDFC TAX SAVER ???

4. how to increase the existing SIP AMOUNT IN A FUND ???(EX.. INCREASING SIP OF 2000 RS TO 4000 RS...IN SAME FUND)
I think u can invest in ELSS for 2011-2012 tax year too... After that only it wont be considered for tax relief...
Try to invest in SIP for 12 months.. Dont invest at one go at the year end as u r trying to do now.... May be this year u cant do much... Split the 50 k into 3 parts and invest over three months.. but for the next year start yuor SIP from april and continue until next march
 

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