Add more ELSS???
Mr.Rohan Agarwal wrote back with a new query :
Thanks for replying to my last query.
To pay 0 tax on my income , i need to claim deductions of 45,000 under section 80c.
To do that i am investing 30,000 in ELSS and 15,000 in PPF.
I have invested 2,000 in each of the following ELSS Schemes.
DWS Tax Saving G
Fidelity Tax Advantage G
Sundaram BNP Paribas Taxsaver
Principal Personal Tax Saver Fund G
I will further invest 4000 more in each of these , total of 30000.
Do you thing this is a good balance of ELSS Funds and currect number of funds for investing 30,000.
Thanks in Advance.
SRIKANTH SHANKAR MATRUBAI replied :
Dear Rohan Agarwal,
You have the right mix of ELSS funds and you can continue to not only stay invested in these but also add more of the same.
You can however consider adding DSPML Tax Saver Fund which is more into Large Caps and could add stability to your portfolio.
Your exposure to Mid Cap and Small Cap is more through ELSS funds and not via Diversified Equity Funds, which means an automatic lock-in of 3 years, which should reward you by the end of lock-in term. And also, age being on your side, you need not at worry on this front. Your open-ended funds investment are in 3 Very Very Good Funds, which you can encash anytime without too much of a bruising.
Carry on without a worry and full of confidence.
Best of luck,
Srikanth Shankar matrubai.
Also visit http://equityadvise.blogspot.com for an indepth Equity Analysis
Srikanth Matrubai is known as the WEALTH ARCHITECT. He is practitioner of Wealthy Habits and author of Amazon Best Selling Book DON'T RETIRE RICH. We strongly urge to follow your Advisor. This blog is purely for information. However, we strongly suggest you to consult a Financial adviser. This blog is purely for information purposes only and we do not take any responsibility whatsoever as the blog content may be changed from time to time and is generic in nature.
Thursday, January 22, 2009
Add more ELSS???
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