Site icon Jagoinvestor

Advise on Discontinuing ELSS Scheme

Hi All,

3 months back i have taken HDFC Tax saver(5k SIP) using ECS facility(HDFC Savings Account) for 9months(from july 2010 to march 2011). Now i am travelling to UK for Long term(more than 2 years). Still i want to invest in MF’s. If iam correct for further months i don’t need to show any investment proofs.So i want to discontinue Tax saver SIP and want to invest in HDFC top200 for long term.Right now i am holding only one fund(HDFC Tax saver).

1)Do i need to inform HDFC bank that i am travelling while starting HDFC top 200 scheme?

2)Is it a good idea to stop HDFC tax saver and start new scheme or can i continue Tax saver itself?

Regards,

Durga

Exit mobile version