Sir
I plan to start sip in elss. I have two options,
1. Lump sum in liquid fund and stp to elss. OR.
2 Flexi F D in bank and swp to saving Ac and sip to elss.
I am 60, so am entitled to tax rebate on int on F D up to 50 k .
Which option is better?
Regards
ANAND
3 Answers
Dear Anand ji,
May I know your investment objective to pick ELSS? Is it for tax-saving or wealth accumulation or both??
May I know your investment time-frame also??
Kindly read :
Sir
Thanks. Mainly tax saving, and also accumulation to some extent.
Horizon is long term, 8-10 yrs ?
Anand
Dear Anand ji,
I prefer investing manually say 2 to 4 installments in an ELSS fund instead of opting for SIP/STP.
So, in case, you are comfortable with it, you can just maintain the lump sum amount in your Savings/FD account and invest in an ELSS fund over the next 6 to 9 months, assuming you track the markets.
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