4 replies on this article “Please advise…”

1. manickkam says:

   April 11, 2011 at 2:33 am

   Hi Hridesh,

   Its better to have only one SIP running for one kind of product. If you want to diversify, please stop it with two and don’t increase it more. In your choices, I like HDFC Taxsaver personally over Birla Sunlife one. Increase the exposure on HDFC Taxsaver instead of taking another ELSS from one more fund house.

   Next one full year you can still go with ELSS and it is still tax free. DTC has no effect for ELSS that are opened till March 31st, 2012 (See http://manickkam.blogspot.com/2011/04/top-5-elss-funds-in-india.html)

   We have to wait the complete assessment of DTC to see what it has in store for us before coming to conclusion.

   Regards,
   Manickkam.

   Reply
2. ashal jauhari says:

   March 7, 2011 at 9:16 pm

   Dear Hridesh, Please don’t anticipate anything so early. Let the DTC may become an ACT to deny ELSS as tax saving investment.

   Thanks

   Ashal

   Reply
3. Hridesh Kohli says:

   March 7, 2011 at 8:53 pm

   Thanks alot Ashal ji for you reply.

   Actualy i invested in Both ELSS schemes considering tax saving as well as long term investment view but since they will be non tax free from 2012 , i doubt what will happen to the schemes already running. will they work like normal equity schemes?
   Whats ur opinion? will it be better to continue them for extreme long term like 15-20 yrs??

   Regards,
   Hridesh

   Reply
4. ashal jauhari says:

   March 7, 2011 at 7:06 pm

   Dear Hridesh, If you are already having EPF, no need to add another debt based Tax saving product. In case, you don’t have EPF, You may invest in PPF to add the comfort of debt to your portfolio.

   From your query, it seems that you are asking to invest in another MF with out considering Tax saving. If this is the case, go for a large cap based fund like HDFC Top 200 or Birla Fr’line Eq.

   Thanks

   Ashal

   Reply

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