Investing in mutual fund (ELSS)

Q & A Forum › Category: Mutual Funds › Investing in mutual fund (ELSS)

devendrakumarc asked 8 years ago

Hi i want to invest in elss fund can u suggest me the good fund . My investment amt is on yearly basis for 15000.

5 Answers

Sreekanth Staff answered 8 years ago

Hi, May I know your investment time-frame? Is this for your wealth accumulation & tax saving purposes? Related article : https://www.relakhs.com/best-elss-funds-2017-2018/

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devendrakumarc answered 8 years ago

Hi Srikanth,

My investment time is 7 to 10 years.
Yes it is for wealth creation and tax saving purpose.

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Sreekanth Staff answered 8 years ago

Hi, You may consider an ELSS fund like Franklin Taxshield / Birla Tax Relief '96 / DSP Tax saver etc.,

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devendrakumarc answered 8 years ago

Hi Sreekanth, i wnat to know few details on investing in mutual funds. i have demat in kotak securities.

if i buy Franklin Taxshield from kotak securities, what will be my charges

2. Now i am investing as one shot for the amount 20k from 1st april 2018 can i make it as sip. 3.what are the lock period for elss 4. Is my lock in period based on my investment time .

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Sreekanth Staff answered 8 years ago

Hi, 1 - You may kindly check with Kotak securities. Some portals like ICICI Direct levy Rs 100 for each transaction. 2 - That's your choice. 3 - ELSS funds have a lock-in period of 3 years. 4 - No. The units allotted under each SIP / lump sum investment have a lock-in period of 3 years for ELSS funds. Related articles : https://www.relakhs.com/sip-systematic-investment-plan/ https://www.relakhs.com/mutual-fund-nav-calculated-faqs/