I am planning to invest around 30,000 in ELSS fund ( or funds ), but not able to decide because of the market situations. My present investments
in ELSS funds are as follows.
1. HDFC Tax saver - 30,000
2. Reliance ELSS - 30,000
3. Principal personal tax saver - 10,000
no need to say I am suffering loss in all...-)
These investments are for long term.. Alteast 10 years..
Pls adivice me which fund should i go for or should i look for any other option in which I can save tax too...
SRIKANTH SHANKAR MATRUBAI advises :
Your long term commitment will serve you well. Out of your existing ELSS, Reliance ELSS has been a poor performer since inception and need not be considered. Even though your other two ELSS Funds, HDFC Tax Saver and Principal Personal Tax Saver are good funds and have had a decent showing, I advise you to look at investing in Fidelity Tax Advantage Fund and Sundaram Tax Saver which have been performing well in both Bull and Bearish Markets.
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, April 23, 2009
Help me to Choose ELSS....
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