POSTED BY November 13, 2010 5:11 pm ONE COMMENT
ONmy age 29 years and i am got 30000 per month in hand for tax saving i
am investing in term insurance 2000/- sum insured of 10 lakh, health
insurance 6000/-, ppf 20k and mutual fund as sbi magnum tax gain
1000 and hdfc tax saver 2000/- through SIP. now i am planing to invest
for tax saving in 1) Reliance tax saver 1000/-
2) Fidelity Tax Saver 1000/-
and purly for long term investment for long term
3) DSPBR Equity 1500 /-
4) HDFC Balanced 1000 /-
5) HDFC top 200 1500 /-
through sip
and i want to invest around 80000/- for short term only about 5 months
or so. for that i choose lic floating rate fund-st-growth. so are the
above mutual fund are safe to invest.
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If you’re a long-term investor, why are you investing in balanced fund at age 29. Go for equity diversified fund like HDFC Equity Fund or Reliance Regular Savings Fund – Equity. That will give you more return in long-term.
For Sec80C benefit, consider Birla sunlife tax relief 96 instead of reliance tax saver.
Rest is fine.
Hope it will help you.
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