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Equity Linked Savings Schemes
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Revision as of 04:08, 24 February 2017 by Cooleo (talk | contribs) (→Rs 1 Lakh in ELSS before March 31, 2017)
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Views on Mirae asset tax saver fund
- It is undoubedly a good but a recent performer. Low AUM. Markets rallied well and so did it. Not sure how it will perform in a down trending market.
- Dated: Feb 21, 2017
Rs 1 Lakh in ELSS before March 31, 2017
- Investing gives good returns when it is given time. So, always use ELSS investing right at the beginning of the financial year and not at the end.
- That said, now that we have very less time before March 31, 2017 and you still wanted to go for ELSS, here is what I feel.
- Invest in Rs 5k in Birla Sunlife Tax Relief 96 today and Rs 5k in Reliance Tax Saver tomorrow. Repeat this process by investing alternatively between the schemes till this Rs 1 Lakh investment target is met. If you cannot do this is too difficult for you, do it with 10k once a week
- Dated: Feb 21, 2017
Best tax saver from BSL MF
One of my friend advised me to invest a lumpsum amount of rs. 1 lakh in mutual fund of birla which is for 3 year and it is a tax saver. Will u plz tell me about this.
- Need exact name of scheme to decide. BSL has two ELSS schemes. Also, are you investing for the sake of tax saving ?
- Since time is less from now to March 31, 2017, invest like 15k per week under its DIRECT plan - GROWTH option over lumpsum investment
- Lumpsum investments are risky. The longer and frequent you can spread your investment, the better it will be.
- You can invest lumpsum in an arbitrage / liquid debt fund and give a STP instruction to switch to a target ELSS scheme but since for this FY, time available is less, you need to do something like manual investing for now. You can plan this lumpsum-STP thing for next FY. i.e in April 2017.
- Dated: Feb 24, 2017