POSTED BY June 20, 2012 11:26 am COMMENTS (2)ON
Before I begin , A big thank you to Jagoinvestor for pulling me in to the world of investment and cautioning me about various traps . Kudos.
I am 23 and just beginning to invest . I have shortlisted 5 ELSS funds to invest Rs.1,00,000 .My investment aim is to get a 12-14 % annualized return after three years . I am young and I can take a few risks .
The five funds in the order of priority are
1. Canara robeco Tax saver(G)
2. ICICI Prudential tax saver(G)
3. Quantum Tax saver(G)
4. Reliance tax saver(G)
5.Franklin templetom tax saver (G)
I want to invest 50,000 in two of these funds . My major area for choosing these funds has been their sector allocation . I am still in the dark as to what would be the right method to invest (Fundsindia /Demat account /AMC ) . Also what\’s the best method to reap benefits ,SIP or Bulk buy ?
I am a bit concerned about the high charges from a few AMC s for these funds . Also does it make any difference that quantum fund has very small amount invested , should it influence my investment decision in any way ?
Thanks in advance
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