suggest me to invest in sip or elss

POSTED BY Bharavi kadiyala ON July 7, 2011 5:45 pm COMMENTS (2)

I would like to invest Rs.10,000 per month. I can continue this for 2 or 3 years. At present my salary is Rs.22,000/- per month. I have no tax saving policies. can u suggest me wheather i should invest in SIP of ELSS for good returns.

Bharavikadiyala

2 replies on this article “suggest me to invest in sip or elss”

  1. dany daniel says:

    its great on you that you are able to invest 10000 pm…. instead of investing 10000 every month, why cant you save and make it a huge amount and invest it in buying some property.. remember land value is increasing like anything.. you can decide

  2. Anand says:

    Don’t forget that your company PF comes under 80C. So if your PF is monthly 1000/- then you need to invest only 88,000/- to finish quota of 80C.

    You may go for Fidelity Tax advantage fund and invest through SIP.

    Invest only till March 2012, because after that there is a proposal to discontinue ELSS for tax savings.

    –Anand

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS