Hello Friends,
I am Ritesh from Gujarat and 25 yrs old. My current investments are:
1) PPF – 10,000/- p.a lump sum.
2) Quantum Long Term Equity Fund- 500/- SIP
I want to increase my investment now to Rs.2000 per month. I am thinking some ELSS fund because of its tax free benefit(80-C and interest tax free).
My investment break out will be as below:
1) Quantum Long Term Equity Fund- 500/- SIP
2) some ELSS- 1000/- SIP
3) some Small-Mid cap MF – 500/- SIP
Please suggest me some best ELSS and small cap MF. I have another question is if i should i wait for budget(this July) to come for investment. Any advice would be helpful.
Regards,
Ritesh P.