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POSTED BY ON September 6, 2011 10:02 pm COMMENTS (6)
Hi,
I recently started investments in Mutual Funds and Gold Etf. Can you please suggest is the profile is fine? Is it required any change?[Currently I am 26 years old].
Fund name SIP AMOUNT Investment Plan Time
HDFC Tax Saver(G) 2000 3 Years
HDFC Top 200(G) 2500 10 years
Franklin India Blue Chip(G) 2500 10 years
GOLD BEES ETF 1gm/month 1-2 years
-Vinodh
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Investing in Hdfc tax saver for 3 yrs also is not recommended. U can have negative returns in 3 yrs. If u don’t need the money, hold it for 5 yrs to get a good return.
Abhishek
SIP in a tax saving fund is not recommended. You will not be able to withdraw your money after 3 years in one go.
@Abhniva: Can you please explain in detail? why sip in tax elss not recommended?
Vinodh
What Abhinava is saying is that Each payment in ELSS is locked for 3 yrs , so when you do an SIP , each and every month payment is locked for 3 yrs , so when 3 years end, your first month payment is open to withdrawsal , then in second month the second payment is unlocked and so on .. a lot of people feel that they will be able to get all the money at end of 3 yr of FIRST SIP . So it makes thing unexpected .
Its not that its not recommended, just that you should know what will happen
Manish
@vinodh
You can shift from HDFC tax saver once the DTC kicks in as seems fit at that time.
Otherwise for the horizon u have mentioned this is good selection of funds
Dear Vinodh, as of now it looks good that you have opted consistent performer. Please revisit the performance of your chosen funds once in a year.
Thanks
Ashal