Hi Sreekanth,
I have recently started below SIPs.
1) DSP BlackRock Tax Saver Fund (G)
amt = 2000 rs per month
2) Franklin India Tax Shield (G)
amt = 2000 rs per month
3) HDFC Prudence Fund (G)
amt = 2000 rs per month
Request you to pls review them and let me know if i should go ahead with them as it is or change the amt or fund.
I am 29 yrs, male, married. Just looking to invest some money in a scheme that can give better returns than FD. I have a time horizon of 3 to 5 yrs.
- Invested in initial 2 for the tax benefits + LTCG
- invested in 3rd for long term capital gain
1 Answers
Dear PC,
Having a short term view on Equity oriented funds can be a risky affair!
Balanced funds can be at least ok, but you may consider remaining invested for longer period in ELSS funds.
The two listed ELSS funds are good ones.
HDFC balanced fund has been consistently performing well than HDFC prudence fund.
Suggested readings :
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-categories-market-capitalization-large-cap-vs-mid-cap-vs-small-cap-funds/
https://www.relakhs.com/best-elss-funds-2017-2018/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
Thanks Sreekanth
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