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:
    July 11, 2011 at 6:39 pm

    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

    Reply
  2. Anand says:
    July 8, 2011 at 4:06 pm

    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

    Reply

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