POSTED BY June 25, 2013 4:06 am COMMENTS (5)ON
I wanted some clarification on the following:
I am planning to take up a SIP of 10k for HDFC top 200 and 5k for SBI EMERGING FUNDS. The rationale behind this is for retirement/child planning for the former and wealth creation for the latter. The period of investment, I am looking for is around 15 years.
1. Do SIPs attract tax exemption on completion of this period? I understand that since these arent ELSS I do not get any benefit under 80C.
2. Considering tax (if yes to above question) and inflation, are there any other options that would prove beneficial?
Any guidance on this would be appreciated.Thanks for the time.